Singapore High Court convicts two for $6B penny-stock manipulation
JURIST
MAY 8, 2022
The Singapore High Court Thursday convicted Malaysian businessman and woman, John Soh Chee wen and Quah Su-Ling for market manipulation and cheating offences that led to the 2013 penny-stock crash. Local media outlets have said that the 2013 crash was the outcome of Singapore’s most serious case of market manipulation, as it wiped out more than $8 billion from the Singaporean Stock Market (SGX).
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