20 Questions You Should Always Ask Malcolm Tan Before Investing

Posted by Javier on April 23rd, 2021

A Police record has been lodged in Singapore by a person who believed that they were Malcolm Tan Chun Chuen's business associate, until he discovered that the business in which he invested was generating revenue thru possibly bogus use of the PIC scheme. The victim met Malcolm via a event. In December 2015, Malcolm Tan Chun Chuen texted the victim to invest in his new business ventures, Zafro holdings. Malcolm misled the victim into assuming that far more investors had all invested into the venture, and that the capital injection is relying on full cash injection. The victim banked in K in return for a 5% equity stake, which he didn't got back while he wanted to take away his investment later.Another thing that appears somewhat scammy in Malcolm Tan's ICO of Aexon. Aexon's tagline and description keeps referencing some thing identified as the ‘ActivBM’. Malcolm Tan states that ActivBM has achieved million in ARR (Annual Recurring Revenue). Rationally speaking, how can any product, let alone an online product, reach such an absurd ARR without a operating web site, nor any staff members. Bluesky Group Pte Ltd. is being referred to multiple times, nevertheless they also don't have a working site nor any proof of what they talk about.From the publicly available court papers, we can now join the dots together that on 28 August 2017, Kuek signed 2 letters of engagement with Keystone's letterhead then issued a 0,000 cheque to BlueSky Group (owned by Malcolm Tan Chun Chuen). The letters say that Kuek will be putting his investment with Keystone Group and Malcolm Tan Chambers LLC Malcolm Tan will personally handle 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 sent an individual to Keystone to receive an update on the invested amount of money, however, Malcolm Tan denied that it had ever gotten any hard earned cash from him or performed any law services for Mr Kuek. Finding out that he has been fooled, Mr Kuek lodged a Law Society issue in December 2017. The Law Society carried out a speedy examination and then put 7 charges against Malcolm Tan Chun Chuen. Malcolm was charged for generating false representations to Mr Kuek and also developing a struggle of interest in his place as a lawyer. Malcolm outright rejected all the allegations, saying that Mr Kuek is clearly 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 out to get the case closed by paying 5k to Mr Kuek. The strategy failed, as the Law Society still found Malcolm Tan guilty on 3 charges.Malcolm Tan Chun Chuen scammed an additional victim of crypto as lately as in December 2020. In the event, Malcolm Tan defrauded the scam victim into giving him 12.14BTC worth 694k+ in USD. Soon after receiving the 12.14 BTC to the crypto address of Malcolm, 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, he refused to wire the money to the victim. The transaction agreement occurred via whatsapp. To date, Malcolm merely returned 0.157557 BTC to the victim. The victim is currently getting legal measures and suing Malcolm Tan for his criminal breach of agreement.There is a close link between the swindle actions of Malcolm Tan Chun Chuen and his law firm Malcolm Tan Chambers LLC. In 2017, a victim from the CoAssets Group sued Malcolm Tan Chun Chuen for the loss of money scammed by Malcolm. Through the legal channel, the victim has managed to recovered all the cheated money. Malcolm Tan has decided to rename his laws firm to save his firm from the bad track record in the marketplace. What used to be called “Malcolm Tan Chambers LLC” is now called "Magna Law LLC" so that he can go on with his fradulent routines. MAGNA LAW LLC is just another way for Malcolm Tan Chun Chuen to scam more money out of gullible victims. Malcolm Tan Chun Chuen's MAGNA LAW LLC is recorded at Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The business was built with a start up capital of SGD 10k, more than 2 years earlier. Even though the company provides lawful advisory services, Malcolm Tan Chambers LLC was rebranded to Magna Law LLC to continue aiding their biggest ponzi scheme, which is the KingSwap $KING crypto currency. If perhaps you check out the social media accounts, this specific KingSwap ponzi scam is still actively functioning and siphoning dollars from investment victims.