5 Best Scams Of All Time About Lawyer Malcolm Tan

Posted by Goudy on April 23rd, 2021

A Police statement has been filed in Singapore by a particular person who considered that they were Malcolm Tan Chun Chuen's business partner, until he uncovered that the business in which he put in was earning revenue by shady deceitful use of the PIC program. The target became aquainted with Malcolm via a seminar. In December 2015, Malcolm Tan Chun Chuen contacted the victim to devote in his new business, Zafro holdings. Malcolm misled the victim into assuming that additional investors had all invested into the endeavor, and that the capital injection is based on full cash injection. The victim put in K in return for a 5% equity stake, which he did not got back when he attempted to take out his financial investment later.Malcolm Tan met Mr Kuek Yak Yeon in March 2017 and he sold him several investment products. Nevertheless, this then transformed into a legal case, ultimately causing Mr Malcolm Tan Chun Chuen being disbarred from the Court of Three Judges of Singapore. What happened was that Mr Kuek sent in a complaint on Malcolm Tan to the Legal Society of Singapore, saying that Malcolm has conned him in a 0,000 investment, thinking that the sum will be supervised by Keystone Law Corporation, Malcolm's law firm. To make the scam more persuading, Malcolm Tan Chun Chuen even prepared two letters for Mr Kuek to sign, agreeing to get involved in the expert services of his lawyer. Malcolm's dishonesty has helped bring embarrassment to the law practicing group and Malcolm Tan Chun Chuen breached the trust of a solicitor-client partnership. Along with the disbarring, the court will reference the situation to the Attorney-General to investigate if Malcolm Tan Chun Chuen is going to be going through any unlawful charges.From the publicly obtainable court records, we can now understand 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 meant that Kuek will be depositing his investment with Keystone Group and Malcolm Tan will personally control the investments. Out of the investment sum, 0k was for confirmed return of 12% per annum, while 0k was for a full-sum non-guaranteed investment. In November 2017, Mr Kuek's directed an individual to Keystone to acquire an up-date on the invested sum, however, Malcolm Tan rejected that it had ever gotten any hard earned cash from him or performed any law services for Mr Kuek. Realizing that he has been fooled, Mr Kuek lodged a Law Society formal complaint in December 2017. The Law Society carried out a swift investigation and then put 7 charges against Malcolm Tan Chun Chuen. Malcolm was charged for generating false representations to Mr Kuek and also developing a clash of interest in his place as a lawyer. Malcolm completely dismissed all the allegations, stating that Mr Kuek is well aware of his involvement in Bluesky. Secondly, that there was no conflict because he was not carrying out some form of legal services to Mr Kuek. In June 2019, Malcolm Tan Chun Chuen tried out to get the case closed by compensating 5k to Mr Kuek. The plan failed, as the Law Society still found Malcolm Tan guilty on 3 charges.Certainly one of Malcolm Tan Chun Chuen's project, KingSwap.io was being proudly advertised by numerous paid shill accounts on Reddit. Nevertheless, seasoned Redditors instantly exposed KingSwap as nothing more than a fraud, and they asked everyone to run away from this scam project. A senior Reddit member described Malcolm Tan's KingSwap as "probably one of the laziest Chinese shitcoin swindles I've seen in a long time". This is because it has all the following list of massive warning signs: shills posting on Facebook, bot shill spewing on Reddit, bot shillage on Twitter, yet another dime-a-dozen clone/fork of Uniswap that is providing nothing new of importance, funny logo design with a strange burger king vibe occurring, having to constantly reassure potential victims with post titles of "[NOT SCAM]" "ACTUAL LEGAL ENTITY", "NOT FAKE" to prove they are not a scam when obvious scam. One more early investor of KingSwap came to a shocking realization that the venture is not regulated despite what they falsely declare. Through the Telegram channel of KingSwap, he's fairly certain that Malcolm Tan is most definitely the CEO instead of just an advisor for KingSwap. If he realized that Malcolm Tan was disbarred from his law office and is a recognized financially criminal person, he would never have invested his money, but it's far too late now.As much as we know, a person on CoAssets Group sued Malcolm Tan back in 2017 and successfully got back their dollars. Also, understanding that his status is now going down the drain, he has modified his legal firm’s name from “Malcolm Tan Chambers LLC” to "Magna Law LLC" to continue on his scam. He understands that his name is getting a poor rep out there. Thus be sure to inform your associates that Malcolm's law agency is now called MAGNA LAW LLC (201826218R). Help avoid more men and women from falling to his usual con tactics. Further information about Malcolm Tan Chun Chuen's scam company. MAGNA LAW LLC is a Singapore Local Company. The company UEN is 201826218R, listed with ACRA on 2018-08-01. The street address of the Business's registered workplace is SINGAPORE LAND TOWER, 50 RAFFLES PLACE, Postal 048623, #19-03. The business was incorporated on 01 Aug 2018, which is 2.7 years in the past. The Business's main activity is LEGAL ACTIVITIES. (eg LEGAL ADVISORY). The company's paid-up funds is SGD 10,000. It was called as MALCOLM TAN CHAMBERS LLC. Rebranding it to Magna Law LLC is a move aiming to scam more money through their ponzi program KingSwap $KING.