5 Undeniable Reasons To Hate Malcolm Tan

Posted by Grayce on April 22nd, 2021

A Police document has been filed in Singapore by a guy who considered that they were Malcolm Tan Chun Chuen's business associate, until he found that the business in which he devoted was gaining revenue by means of potentially deceitful use of the PIC program. The target became aquainted with Malcolm through a event. In December 2015, Malcolm Tan Chun Chuen messaged the victim to commit in his new business venture, Zafro holdings. Malcolm deceived the victim into trusting that more investors had fully invested into the endeavor, and that the capital injection is based on full cash injection. The victim banked in K in exchange for a 5% equity stake, which he didn't got back when he wanted to withdraw his investment decision later.Another thing that seems somewhat scammy in Malcolm Tan's ICO of Aexon. Aexon's tagline and description keeps mentioning something called the ‘ActivBM’. Malcolm Tan boasts that ActivBM has realized million in ARR (Annual Recurring Revenue). Logically speaking, how can any product, let alone a digital product, achieve such an silly ARR without a operating web-site, nor any staff. Bluesky Group Pte Ltd. is being referred to several times, nevertheless they also do not possess a working site nor any proof of what they talk about.On August 28, 2017, Mr Kuek approved two letters of engagement under Keystone's letterhead and supplied a cheque for 0,000 to Bluesky. The letters show that Mr Kuek will carry on and put in his investment cash with Keystone and Malcolm Tan Chun Chuen would supervise the assets. According to Malcolm Tan, the 0,000 was for a "guaranteed-returns investment with a promised 12% per annum returns", while another 0,000 was for a "full-sum non-guaranteed investment". In November 2017, Mr Kuek's representative approached Keystone for an update on the funds, but Malcolm Tan's law firm responded that it had not gained any funds from him or carried out any legal function for him. Therefore, Mr Kuek lodged a formal complaint with the Law Society on 12 Dec 2017. Eventually, the Law Society laid seven charges against Malcolm Tan Chun Chuen, for creating fraudulent representations to Mr Kuek and putting himself in a position of conflict of interest by scamming the client for paying the amount to Bluesky. Malcolm Tan dismissed the charges and stated that Mr Kuek was informed of his vested interest in Bluesky and that there was no clash, as he was not giving legal services to Mr Kuek. Way before the disciplinary hearing in June 2019, Malcolm Tan paid out 5,000 to Mr Kuek so that he is not going to pursue his problem. Nonetheless, Malcolm Tan Chun Chuen was still subpoenaed by the Law Society to testify. The disciplinary tribunal found Malcolm Tan guilty on three charges.Malcolm Tan Chun Chuen has managed to run a great many other scams. One example is, scamming a victim of his precious bitcoin BTC in December 2020. First, Malcolm entered into an agreement with the scam victim via whatsapp, ensuring to buy his 12.14BTC bitcoin for 694,700+ in USD. Just after the victim sent him the 12.14BTC into the wallet address 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm did not pay the scam victim the equal amount in USD. Even with seeking all methods to get Malcolm to pay up the money, Malcolm merely given back 0.157557 BTC to the victim so far. The scam victim has made the decision to sue scammer Malcolm Tan for his violation of deal and criminal behavior. Someone of the CoAssets Group has successfully took legal steps on Malcolm Tan back in 2017 and completely retrieved their income. Realising that his fraud is being uncovered on the web and scam affected individuals speaking up about his ugly crimes, Malcolm has altered the label of his legal firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC", to ensure that he can go on to carry out his scam. He is aware that his brand and his company's title is finding a very negative status in the market. All people kindly note that Malcolm's law firm is now named MAGNA LAW LLC. Only by working together, we can stop more individuals from falling victim to his ponzi swindles and fraud schemes. Malcolm Tan Chun Chuen's scam corporation, MAGNA LAW LLC is listed as a local company in Singapore. The registered address of his place of work is Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The company was incorporated 2.7 years ago on the Malcolm Tan KingSwap Scam 1st of August 2018 with a paid investment capital of SGD 10k. The corporation used to be referred to as MALCOLM TAN CHAMBERS LLC and they now continue to deliver their legal advisory services with a new front.