Singapore gets first guilty plea in $8b penny stock scheme

Submitted By:  Arianna Danganan Case Study:  No Key accomplice Goh Hin Calm was sentenced to 36 months imprisonment by Singapore’s High Court. Singapore meted out its first jail sentence for an October 2013 penny-stock rout, which the prosecutor said was caused by the “most audacious, extensive and injurious market manipulation scheme ever” in the city state, according to a report by Bloomberg. read more