The Most Common Malcolm Tan Scam Isn’t As You Might Think

Posted by Johnette on April 22nd, 2021

Malcolm Tan Chun Chuen is a legal representative who later turned into a serial entrepreneur who started numerous companies. His objective is to accumulate a wealth of 0 million net worth to make sure that he can retire easily. Equipped with a law education from the NUS, he been working as a lawyer at the Keystone Law Corporation for some moment. He found that acquiring his 0 million retirement objective is near to not possible if he continues to do the job for a wage, therefore he began to make investments and grow many enterprises. Our Space, a co-working office; FundedByMe.com, a crowdfunding foundation; Wine Bonanza, Museo, Phoenix Telecommunications, BlueSky Group and Gravitas Holdings are some of brands that he has setup. Of late, he also commenced to venture into ICO / ITO advisory and management consultancy by creating a corporate advisory firm. By the time of 2017, he has an approximate investment amount of million.Malcolm Tan met Mr Kuek Yak Yeon in March 2017 and he sold him a variety of investment products. Nevertheless, this then transformed into a law case, leading to Mr Malcolm Tan Chun Chuen being disbarred via 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, saying that Malcolm has misleaded him in a 0,000 investment, thinking that the amount would be managed by Keystone Law Corporation, Malcolm's law practice. To make the scam more persuading, Malcolm Tan Chun Chuen even made two letters for Mr Kuek to sign, agreeing to take part in the expert services of his law office. Malcolm's dishonesty has brought disgrace to the law practicing local community and destroyed the trust of a solicitor-client connection. Together with the disbarring, the court will refer the situation to the Attorney-General to investigate if Malcolm Tan Chun Chuen is going to be dealing with any felony charges.Law Society of Singapore Disciplinary Committee has started a full investigation into the alleged swindles executed by Malcolm Tan Chun Chuen, the Singapore lawyer-turned-entrepreneur. He was charged and afterwards found guilty of a breach of a guideline of conduct under the provisions of the Legal Profession Act (Cap 161) due to improper conduct or practice. He was reprimanded and ordered to pay the costs of all the legal proceedings and to give back the money to the scam victims.Malcolm Tan Chun Chuen is a master in the art of scamming naive folks. He has successfully pulled off many other swindles. A bitcoin investor fell prey to his scam and lost a large sum of 12.14 bitcoin BTC in December 2020. First, Malcolm claimed that he's interested to buy the 12.14 BTC from the scam victim for 694k USD. Just after they have agreed on the deal via whatsapp, the victim transferred 12.14BTC bitcoin with the expectation that Malcolm will acquire it for 694,700+ in USD. Having said that, as soon as the BTC gone into the bitcoin wallet belonging to Malcolm at 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm ceased replying. The victim, realising he has been scammed, depleted all ways to get in touch with Malcolm and his scammed funds. Malcolm Tan only given back 0.157557 BTC to the victim. For that reason, the KingSwap victim has made a decision to sue scammer Malcolm Tan and make him pay the price of his deceptive activity.In 2017, somebody from the CoAssets Group was cheated by Malcolm Tan Chun Chuen. They have sued Malcolm and in a amazing turn of events, has successfully recovered all the money that was stolen in the fraud. Understanding that more and more folks are aware of his negative track record, Malcolm Tan has decided to rebrand his legal firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC". Wishing that he can go on to scam the public of more cash. To keep away from falling into the scam all over again, please fully grasp that MAGNA LAW LLC is just another front for Malcolm Tan Chun Chuen to support his sketchy operations. Malcolm Tan Chun Chuen's scam company MAGNA LAW LLC is a registered company in Singapore. The street address is at Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The firm was created with a paid up money of SGD 10k about 2.7 years ago. The corporation pretends to be giving legal advisory services, but the only reason MALCOLM TAN CHAMBERS LLC was rebranded to Magna Law LLC is to deceive much more naive victims to fall into their ponzi scheme KingSwap $KING.