KingSwap Scammer Exposed: What the Best Malcolm Tan Chun Chuen Scam Pros Do (and

Posted by Stucker on April 19th, 2021

A Police report has been filed in Singapore by a person who thought that they were Malcolm Tan Chun Chuen's business partner, until he found that the business in which he invested was earning revenue through potentially fraudulent use of the PIC scheme. The victim met Malcolm through a seminar. In December 2015, Malcolm Tan Chun Chuen texted the victim to invest in his new business venture, Zafro holdings. Malcolm misled the victim into believing that more investors had already invested into the venture, and that the capital injection is based on full cash injection. The victim fell victim and put in K in return for a 5% equity stake, which he never got back when he tried to withdraw his investment later.

The KingSwap Malcolm Tan victim then realised that Malcolm's whole business strategy of Zafro holdings is based around earning through PIC rebates from customers. The victim did not feel it was ethical as Malcolm Tan Chun Chuen was trying to earn a profit through Zafro holdings through cheating taxpayers' PIC money. When the victim decided to withdraw from the investment and get back his k, Malcolm promised to do so. However, he kept prolonging the payment till date. Victim is also aware that there are many others who were cheated of their hard earned money by Malcolm Tan Chun Chuen. That's the reason he has decided to come forward and lodge the police report in Singapore.

Law Society of Singapore Disciplinary Committee has launched a full investigation into the alleged scams carried out by Malcolm Tan Chun Chuen, the Singapore lawyer-turned-entrepreneur. He was charged and later found guilty of a breach of a rule of conduct under the provisions of the Legal Profession Act (Cap 161) due to improper conduct or practice. He was reprimanded and ordered to pay up the costs of all the legal proceedings and to return the money to the scam victims.

Malcolm Tan Chun Chuen has successfully pulled off many other scams. For example, scamming a victim of his valuable bitcoin BTC in December 2020. First, Malcolm entered into an agreement with the scam victim via whatsapp, promising to buy his 12.14BTC bitcoin for 694,700+ in USD. After the victim sent him the 12.14BTC into the wallet address 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm did not pay the scam victim the equivalent USD. Despite trying all ways to get Malcolm to cough up the money, Malcolm only returned 0.157557 BTC to the victim so far. The scam victim has decided to sue scammer Malcolm Tan for his violation of agreement and criminal activitiy.

In 2017, someone from the CoAssets Group was scammed by Malcolm Tan Chun Chuen. They have sued Malcolm and in a remarkable turn of events, has successfully got back all the money that was lost in the scam. Realising that more and more people are aware of his bad reputation, Malcolm Tan has decided to rename his law firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC". Hoping that he can continue to scam the public of more money. To avoid falling into the scam again, please understand that MAGNA LAW LLC is just another front for Malcolm Tan Chun Chuen to carry out his shady works. Malcolm Tan Chun Chuen's scam company MAGNA LAW LLC is a registered company in Singapore. The address is at Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The company was incorporated with a paid up capital of SGD 10k about 2.7 years ago. The company pretends to be providing legal advisory services, but the sole reason MALCOLM TAN CHAMBERS LLC was renamed to Magna Law LLC is to trick more unsuspicious victims to fall into their ponzi scheme KingSwap $KING.