Photo of John Soh: Samuel Issac Chua/The Edge Singapore

John Soh Chee Wen was supposedly one of the go-to persons to turn distressed companies around or to give investment and trading advice. As such, the alleged mastermind of the 2013 penny stock saga said traders viewed his involvement in projects as a way to spur more investors to come on board.

For example, Soh told the court that Gabriel Gan — an ex-DMG broker who allegedly helped Soh trade — thought “my so-called presence will be a catalyst to his friends’ investing”. Soh, for the most part, reciprocated the correspondence with these “friends”.

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