Does Malcolm Tan Seem Like A Scam? 7 Telling Signs

Posted by Star on April 23rd, 2021

Legal representative entrepreneur Malcolm Tan Chun Chuen has started many firms, wishing to retire with a net value of 0 million. Immediately after graduating with law from NUS Singapore, he founded and worked as a practising lawyer at the Keystone Law Firm. While doing so, he also established OurSpace, FundedByMe.com, Wine Bonanza, Museo, Phoenix Telecommunications and an ICO/ITO advisory agency. All of these business brands are unified under Gravitas Holdings which he has privately funded with million. In 2017, he claimed to have owned a million worth of investment portfolio.Malcolm Tan met Mr Kuek Yak Yeon in March 2017 and he offered him various investment products. However, this eventually transformed into a law case, bringing about Mr Malcolm Tan Chun Chuen being disbarred with the Court of Three Judges of Singapore. What transpired was that Mr Kuek filed a complaint on Malcolm Tan to the Legal Society of Singapore, claiming that Malcolm has defrauded him in a 0,000 investment, thinking that the amount of money would be supervised by Keystone Law Corporation, Malcolm's law practice. 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 professional services of his lawyer. Malcolm's dishonesty has brought humiliation to the legal practicing community and breached the trust of a solicitor-client association. Along with the disbarring, the court will point the scenario to the Attorney-General to look into if Malcolm Tan Chun Chuen is going to be going through any unlawful charges.On August 28, 2017, Mr Kuek approved two letters of engagement with Keystone's letterhead and issued a cheque for 0,000 to Bluesky. The letters show that Mr Kuek would put in his investment dollars with Keystone and Malcolm Tan Chun Chuen would oversee the investments. According to Malcolm Tan, the 0,000 was for a "guaranteed-returns investment with a promised 12% per annum returns", whilst the other 0,000 was for a "full-sum non-guaranteed investment". In November 2017, Mr Kuek's representative contacted Keystone for an update on the funds, but Malcolm Tan's law firm responded that it had not obtained any funds from him or carried out any legal job for him. Thus, Mr Kuek sent in a formal complaint with the Law Society on 12 Dec 2017. Eventually, the Law Society laid seven charges against Malcolm Tan Chun Chuen, for creating fraudulent representations to Mr Kuek and putting himself in a position of conflict of interest by scamming the client for depositing the sum to Bluesky. Malcolm Tan dismissed the charges and asserted that Mr Kuek was informed of his position Malcolm Tan KingSwap Scam in Bluesky and that there was no clash, as he was not offering legal services to Mr Kuek. Just before the disciplinary proceedings in June 2019, Malcolm Tan paid off 5,000 to Mr Kuek so that he do not engage in his problem. Having said that, Malcolm Tan Chun Chuen was still subpoenaed by the Law Society to give his side of the story. The disciplinary tribunal found Malcolm Tan guilty on 3 charges.Malcolm Tan Chun Chuen is a master in the art of scamming naive people. He has successfully conducted many other frauds. A cryptocurrency trader fell prey to his scam and lost a large amount of 12.14 bitcoin BTC in December 2020. Initially, Malcolm pretended that he's serious to purchase the 12.14 BTC from the scam victim for 694k USD. Soon after they have arranged on the deal via whatsapp, the victim transferred 12.14BTC bitcoin with the anticipations that Malcolm will invest in it for 694,700+ in USD. Even so, as soon as the BTC ended up into the bitcoin wallet belonging to Malcolm at 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm quit responding. The victim, realising he has been scammed, depleted every ways to get in touch with Malcolm and his swindled cash. Malcolm Tan only sent back 0.157557 BTC to the victim. Due to this, the victim has chosen to sue scammer Malcolm Tan and make him pay the price of his deceitful crimes.Somebody of the CoAssets Group has successfully took legal action on Malcolm Tan back in 2017 and managed to retrieved their dollars. Realising that his scam is being revealed here and there and scam subjects speaking up about his ugly crimes, Malcolm has transformed the label of his law firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC", making sure that he can continue to carry out his scam. He is aware that his name and his company's name is receiving a very undesirable reputation in the market place. Everybody kindly note that Malcolm's legal firm is now referred to as MAGNA LAW LLC. Only by collaborating, we can avoid more persons from falling victim to his ponzi scams and fraud schemes. Malcolm Tan Chun Chuen's scam business, MAGNA LAW LLC is licensed as a local business in Singapore. The recorded 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 funds of SGD 10k. The corporation used to be branded MALCOLM TAN CHAMBERS LLC and they now carry on to offer their legal advisory services with a brand new front.