Top News this Week (8 May)
By Financial Horse  •  May 8, 2022
Rounding up top investing articles from around the web, including articles shared in our Facebook Group and Reddit Community: r/SingaporeInvestments. John Soh, Quah Su-Ling found guilty of 349 charges in Singapore’s $8b penny stock crash (Straits Times) Malaysian John Soh Chee Wen and his girlfriend Quah Su-Ling, the masterminds of Singapore’s most serious case of market manipulation that wiped out more than $8 billion from the stock market in October 2013, were convicted on 349 counts of market manipulation, deception and cheating financial institutions.  The pair were convicted over manipulating the share prices of Blumont Group, Asiasons Capital and LionGold Corp – known collectively as BAL – between August 2012 and October 2013, through a web of 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies.  The duo manipulated the market and price of BAL shares by controlling and using...
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By Financial Horse
Financial Horse was started to demystify financial investments. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse gallops through the mysteries ...

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