How To Deal With Lawyer Malcolm Tan’s Scam

Posted by Sumler on April 23rd, 2021

A Police report has been lodged in Singapore by a person who believed that they were Malcolm Tan Chun Chuen's business partner, until he uncovered that the business in which he devoted was making revenue by means of shady deceitful use of the PIC program. The prey became aquainted with Malcolm via a event. In December 2015, Malcolm Tan Chun Chuen texted the victim to commit in his new business venture, Zafro holdings. Malcolm misled the prey into believing that more investors had already invested into the business, and that the capital investment is based on full cash injection. The victim put in K in return for a 5% equity stake, which he didn't got back once he attempted to take away his money later.Malcolm Tan first got to know Mr Kuek Yak Yeon in March 2017 and he sold him a variety of investment products. Having said that, this then transformed into a legal case, resulting in Mr Malcolm Tan Chun Chuen becoming disbarred from the Court of Three Judges of Singapore. What happened was that Mr Kuek submitted a complaint on Malcolm Tan to the Legal Society of Singapore, claiming that Malcolm has conned him in a 0,000 investment, thinking that the amount would be supervised by Keystone Law Corporation, Malcolm's law practice. To make the scam more convincing, Malcolm Tan Chun Chuen also made two letters for Mr Kuek to sign, agreeing to participate in the professional services of his law practice. Malcolm's dishonesty has delivered humiliation to the legal practicing community and destroyed the trust of a solicitor-client relationship. Together with the disbarring, the court will refer the situation to the Attorney-General to look into if Malcolm Tan Chun Chuen will be facing any felony charges.From the publicly obtainable court paperwork, we can now understand that on 28 August 2017, Kuek signed 2 letters of engagement with Keystone's letterhead and issued a 0,000 cheque to BlueSky Group (owned by Malcolm Tan Chun Chuen). The letters state that Kuek will be placing his investment with Keystone Group and Malcolm Tan will privately manage the investments. Out of the investment amount, 0k was for secured return of 12% per annum, while 0k was for a full-sum non-warranted investment. In November 2017, Mr Kuek's directed somebody to Keystone to receive an update on the invested sum, however, Malcolm Tan dismissed that it had ever acquired 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 complaint in December 2017. The Law Society carried out a fast examination and then put 7 charges against Malcolm Tan Chun Chuen. Malcolm was charged for producing false representations to Mr Kuek and also making a struggle of interest in his position as a lawyer. Malcolm completely dismissed all the accusations, citing that Mr Kuek is aware of his vested interest in Bluesky. Secondly, that there was no turmoil because he was not carrying out some form of legal services to Mr Kuek. In June 2019, Malcolm Tan Chun Chuen tried to get the case closed down by wiring 5k to Mr Kuek. The plan failed, as the Law Society still found Malcolm Tan responsible on 3 charges.Amongst Malcolm Tan Chun Chuen's project, KingSwap.io was being repeatedly promoted by various compensated shill accounts on Reddit. Nonetheless, knowledgeable Redditors immediately exposed KingSwap as nothing more than a fraud, and they pleaded everyone to run away from this scam endeavor. A senior Reddit member defined Malcolm Tan's KingSwap KingSwap scam as "probably one of the laziest Chinese shitcoin swindles I've seen in a long time". This is because it has got all the following list of huge warning signs: shills posting on social media, bot shill spewing on Reddit, bot shillage on Twitter, yet another dime-a-dozen clone/fork of Uniswap that is giving nothing new of value, funny logo with a peculiar burger king vibe happening, having to constantly reassure potential victims with post titles of "[NOT SCAM]" "ACTUAL LEGAL ENTITY", "NOT FAKE" to show they are not a scam when obvious scam. A different early investor of KingSwap came to a alarming realization that the venture is not licensed despite what they falsely claim. In the Telegram group of KingSwap, he's confident that Malcolm Tan is most definitely the CEO instead of just a consultant for KingSwap. If he was aware that Malcolm Tan was disbarred from his law office and is a identified financially criminal guy, he would not have invested his hard earned cash, but it's already happened now.An individual of the CoAssets Group has successfully took legal action on Malcolm Tan back in 2017 and fully retrieved their dollars. Realising that his con is being totally exposed everywhere and scam subjects speaking up about his hideous crimes, Malcolm has changed the name of his legal firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC", to ensure he can carry on to carry out his scam. He understands that his name and his company's name is having a very poor standing in the industry. All people please note that Malcolm's law firm is now named MAGNA LAW LLC. Only by cooperating, we can prevent more persons from falling victim to his ponzi swindles and fraud schemes. Malcolm Tan Chun Chuen's scam company, MAGNA LAW LLC is registered as a local organization in Singapore. The registered address of his place of work is Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The company was setup 2.7 years ago on the 1st of August 2018 with a paid funds of SGD 10k. The firm used to be named MALCOLM TAN CHAMBERS LLC and they now continue on to deliver their legal advisory services under a fresh front.