Malcolm Tan: Lawyer Expectations Vs. Reality Of His Scams

Posted by Freyer on April 22nd, 2021

Malcolm Tan Chun Chuen is a legal representative who in the future transformed into a serial entrepreneur who started out many businesses. His purpose is to earn a wealth of 0 million net worth making sure that he can retire adequately. Graduating with a legislation education from the NUS, he been working as a legal representative at the Keystone Law Corporation for some time. He found out that reaching his 0 million retirement goal is near to not possible if he carries on to work for a wage, therefore he began to make investments and grow numerous businesses. Our Space, a co-working space; FundedByMe.com, a crowdfunding foundation; Wine Bonanza, Museo, Phoenix Telecommunications, BlueSky Group and Gravitas Holdings are some of businesses that he has setup. Recently, he also begun to venture into ICO / ITO consultancy and management services by starting a corporate advisory firm. By the time of 2017, he has an estimated investment worth of million.The victim then come to realise that Malcolm's whole business strategy of Zafro holdings is based around earning through PIC incentives from customers. The victim did not sense it was ethical as Malcolm Tan Chun Chuen was seeking to gain a profit through Zafro holdings thru defrauding taxpayers' PIC money. By the time the victim decided to take away from the investment and get back his k, Malcolm assured to do it. Nevertheless, he kept ignoring the payment till date. Victim is also informed that there are others who were duped of their hard earned cash by Malcolm Tan Chun Chuen. That's the purpose he has decided to bring up the matter and lodge the police report in Singapore.From the publicly obtainable court documents, we can now get that on 28 August 2017, Kuek signed 2 letters of engagement with Keystone's letterhead and after that issued a 0,000 cheque to BlueSky Group (owned by Malcolm Tan Chun Chuen). The letters state that Kuek will be putting his investment with Keystone Group and Malcolm Tan will personally manage the investments. Out of the investment sum, 0k was for warranted return of 12% per annum, while 0k was for a full-sum non-secured investment. In November 2017, Mr Kuek's directed an individual to Keystone to acquire an up-date on the invested amount, however, Malcolm Tan rejected that it had ever received any funds from him or conducted any law services for Mr Kuek. Finding out that he has been misled, Mr Kuek lodged a Law Society report in December 2017. The Law Society carried out a fast research and then put 7 charges against Malcolm Tan Chun Chuen. Malcolm was charged for producing false representations to Mr Kuek and also creating a clash of interest in his situation as a lawyer. Malcolm outright dismissed all the allegations, stating that Mr Kuek is aware of his participation in Bluesky. Secondly, that there was no conflict because he was not carrying out any legal services to Mr Kuek. In June 2019, Malcolm Tan Chun Chuen tried to get the case shut by compensating 5k to Mr Kuek. The tactic failed, as the Law Society still found Malcolm Tan guilty on 3 charges.Malcolm Tan Chun Chuen is a master in the art of scamming naive folks. He has successfully pulled off many other frauds. A crypto owner fell prey to his scam and suddenly lost a large quantity of 12.14 bitcoin BTC in December 2020. First, Malcolm pretended that he's serious to buy the 12.14 BTC from the scam victim for 694k USD. After they have agreed upon on the deal via whatsapp, the victim deposited 12.14BTC bitcoin with the expectation that Malcolm will acquire it for 694,700+ in USD. However, as soon as the BTC ended up into the bitcoin wallet belonging to Malcolm at 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm stopped responding. The victim, realising he has been scammed, depleted all ways to get hold of Malcolm and his swindled hard earned cash. Malcolm Tan only given back 0.157557 BTC for the victim. For this reason, the victim has made the decision to sue scammer Malcolm Tan and make him pay the price of his fraudulent activity.In 2017, a person from the CoAssets Group was ripped off by Malcolm Tan Chun Chuen. They have sued Malcolm and in a amazing turn of events, has successfully got back all the money that was stolen in the rip-off. Understanding that more people are aware of his undesirable track record, Malcolm Tan has chosen to rebrand his law organization 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 fully understand that MAGNA LAW LLC is just another front for Malcolm Tan Chun Chuen to assist his dishonest operations. Malcolm Tan Chun Chuen's scam company MAGNA KingSwap scam LAW LLC is a registered company in Singapore. The address is at Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The business was created with a paid up capital of SGD 10k about 2.7 years ago. The corporation pretends to be giving legal advisory services, but the sole reason MALCOLM TAN CHAMBERS LLC was renamed to Magna Law LLC is to deceive much more uninformed subjects to fall into their ponzi scheme KingSwap $KING.