Goh Hin Calm

2013 Penny Stock Crash

IPCO office was 'admin centre' for penny stock manipulation, court told

SINGAPORE (Oct 14): The explosive revelations from the second tranche of witnesses in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, do

Management & Corporate Governance

Annica chairman Ong quits just as $33 mil goes missing at his law firm JLC

SINGAPORE (May 27): Jeffrey Ong, managing partner of law firm JLC Advisors, may have given instructions to pay out a sum of $33.2 million held in escrow by his firm for a client, Allied Technologie

2013 Penny Stock Crash

Failed Innopac deal portends mining magnate Gutnick’s woes in Australia

SINGAPORE (May 20): The Australian Securities and Investments Commission (ASIC) is seeking judicial permission to wind down mining company Merlin Diamonds.

In print this week

Trial of John Soh starts on Monday; here's the backstory

SINGAPORE (Mar 22): The long-awaited trial of John Soh, the alleged mastermind behind the manipulation of shares in Blumont, LionGold and Asiasons Capital (now Attilan Group) back in 2013, will sta

Commentary

Hunting for the truth redux: Our coverage of the penny stock saga attracted threats and lawsuits

SINGAPORE (Mar 22): If there’s one story published by The Edge Singapore that I will never forget, it will probably be “Hunting for the truth” (Issue 641, Sept 1, 2014).

2013 Penny Stock Crash

Penny stock crash scandal's 'treasurer' sentenced to three years' jail

SINGAPORE (Mar 20): Goh Hin Calm, the “treasurer” for 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su Ling, has been sentenced to serve three years in prison for aiding and abettin

2013 Penny Stock Crash

Banks, brokerages incurred over $350 million in losses from penny stock crash

SINGAPORE (Mar 20): Banks, brokerages and other financial institutions suffered a total of more than $350 million in unpaid losses in the wake of the October 2013 crash of Blumont Group

2013 Penny Stock Crash

Two stock market manipulation precedents invoked as prosecutors call for 3-year sentence for Goh Hin Calm

SINGAPORE (Mar 20): State prosecutors have called for Goh Hin Calm to be jailed a total of three years, after taking into account two sentencing precedents involving stock market manipulation.

Management & Corporate Governance

MAS reports $16.8 mil in fines imposed over past 18 months in very first enforcement report

SINGAPORE (Mar 20): In the 18 months to Dec 2018, the Monetary Authority of Singapore (MAS) secured one criminal conviction, issued 19 prohibition orders and imposed fines totalling $16.8 million.

2013 Penny Stock Crash

Alleged 'treasurer' Goh Hin Calm to testify against Soh, Quah

SINGAPORE (Mar 8): The trial of the largest case of stock market manipulation in Singapore’s history was to have started on March 11.

Be informed of the stories that matter