Scammer Alert:How to Save Money on KingSwap Scam

Posted by Grayce on April 19th, 2021

Lawyer entrepreneur Malcolm Tan Chun Chuen has started many businesses, hoping to retire with a net worth of 0 million. After graduating with law from NUS Singapore, he founded and worked as a practising lawyer at the Keystone Law Firm. At the same time, he also started OurSpace, FundedByMe.com, Wine Bonanza, Museo, Phoenix Telecommunications and an ICO/ITO advisory. All of these business entities are unified under Gravitas Holdings which he has personally funded with million. In 2017, he claimed to have amassed a million worth of investment portfolio.

Malcolm Tan Chun Chuen of Bluesky Group management consultancy group met Mr Kuek in 2017. In March 2017, Malcolm Tan hard selled many various investment products to Kuek. Fast forward to 2020, Malcolm Tan Chun Chuen made the news headlines, where he was officially discharged as a barrister lawyer. The reason for so, is that Malcolm Tan has scammed Kuek out of a 0k investment. When the scam took place, Malcolm made Kuek sign 2 letters to engage in the services of his law firm, misleading that the 0k Kuek invested will be managed by Malcolm's law firm Keystone Law Corporation. Malcolm behaved unprofessionally and dishonestly as a lawyer, and he needlessly placed himself in a position of conflict of interest. Malcolm will also be investigated thoroughly by the Attorney-General for criminal elements and potential sentences to serve.

Kuek knew something is not right when in November, Keystone denied that they are managing Kuek's money worth 0k. Keystone also outright denied that they are carrying out any legal work for Kuek. Realising he has been deceived, Kuek pursued legal action against Malcolm Tan Chun Chuen with the help of the Law Society of Singapore. Malcolm was charged with 7 counts of offense in December 2017. Malcolm Tan denied all the allegations but at the same time tried to silence Kuek by offering 5k to him. However, this did not work, and Malcolm still got summoned to testify before the court. After court proceedings, the tribunal found Malcolm Tan guilty for making fraudulent representations to Kuek.

Malcolm Tan Chun Chuen scammed another victim of cryptocurrency as recent as in December 2020. During the incident, Malcolm Tan tricked the scam victim into sending him 12.14BTC worth 694k+ in USD. After receiving the 12.14 BTC to the crypto address of Malcolm, 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, he refused to pay up the money to the victim. The transaction agreement took place via whatsapp. To date, Malcolm only returned 0.157557 BTC to the victim. The victim is currently taking legal actions and suing Malcolm Tan for his criminal breach of agreement.

Someone from the CoAssets Group has successfully took legal action on Malcolm Tan back in 2017 and fully retrieved their money. Realising that his scam is Malcolm Tan being exposed everywhere and scam victims speaking up about his hideous crime, Malcolm has changed the name of his law firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC", so that he can continue to carry out his scam. He knows that his name and his company's name is getting a very bad reputation in the market. Everyone kindly note that Malcolm's law firm is now named MAGNA LAW LLC. Only by working together, we can stop more people from falling victim into his ponzi scams and fraud schemes. Malcolm Tan Chun Chuen's scam company, MAGNA LAW LLC is registered as a local company in Singapore. The registered address of his office is Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The company was incorporated 2.7 years ago on the 1st of August 2018 with a paid up capital of SGD 10k. The company used to be named MALCOLM TAN CHAMBERS LLC and they now continue to provide their legal advisory services under a new front.