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Verdict in: 2013 penny stock saga masterminds John Soh and Quah Su-Ling guilty

Amala Balakrishner
Amala Balakrishner5/5/2022 04:14 PM GMT+08  • 4 min read
Verdict in: 2013 penny stock saga masterminds John Soh and Quah Su-Ling guilty
John Soh (left) and Quah Su Ling (right). Photos: Albert Chua and Samuel Isaac Chua/The Edge Singapore
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John Soh Chee Wen – the accused mastermind of the 2013 penny stock crash – and his co-conspirator Quah Su-Ling, have been found guilty of several of the charges they were facing under three groups of criminal conspiracy including for forced trading, price manipulation and deception.

“Participation in criminal conspiracy itself is an offence,” Justice Hoo Sheau Peng told a full court, as she read out her verdict on May 5.

This as Soh and Quah had seemingly had an agreement to commit an illegal act as seen by how they obtained and made use of trading accounts.

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