John Soh, girlfriend found guilty in Singapore penny stock crash

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Sentencing at a later date.

Malaysians Soh Chee Wen and Quah Su-Ling were convicted by the Singapore High Court today for market manipulation and cheating offences involving an elaborate scheme to manipulate the shares of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd.

Their conviction followed a trial of close to 200 days.

Soh and Quah were convicted on 180 and 169 charges, respectively.

Both were charged on Nov 25, 2016 under the Securities and Futures Act and the Penal Code for their elaborate and extensive scheme to manipulate the market and prices of the three companies shares between August 2012 and October 2013.

Soh was also charged under the Companies Act.

They will be sentenced at a later date.

Soh, 62, who looked visibly thinner, has been in remand since November 2016.

Quah, 57, is out on bail of $4 million.