Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud_老虎社区_美港股上老虎

Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud

Bloomberg2021-06-29

Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims. Pek Siok Lan, general counsel for state...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

138

koolgal
·2021-07-10
If return is too good to be true, it normally is.
回复
7
举报
收起
- 4e6e78ce:
  yup!
  2021-07-10
  回复
  举报
- koolgal:
  Thanks
  2021-07-10
  回复
  举报
- 30b09baf:
  Yet ppl still fall for it
  2021-07-10
  回复
  举报
查看更多 1 条评论
iamateh
·2021-07-06
OMGG
回复
1
举报
Mikegoh69
·2021-06-29
[惊讶]
回复
点赞
举报
gupzbajaj
·2021-06-29
Omg!
回复
点赞
举报
Estada
·2021-06-29
A moment of folly
回复
点赞
举报
SWKSMY
·2021-06-29
trolling the professionals
回复
3
举报
AKKok
·2021-06-29
Wonder if the actions worth the punishment?
回复
点赞
举报
beebeebee
·2021-06-29
Do not get something doesn't belong to you, you will pay back in high price when the time come, wait there.......
回复
1
举报
MegFrKtn
·2021-06-29
Interesting. This particular conman outsmarted the d smart ladies!
回复
点赞
举报
ORNEGU
·2021-06-29
Hahaha 🤣
回复
点赞
举报
TheAlMateen
·2021-06-29
The smarter you are ……. Haha!
回复
2
举报
收起
- diversify:
  greed affects the rich more
  2021-06-29
  回复
  举报
BeBob
·2021-06-29
Like and comment
回复
点赞
举报
wptang1
·2021-06-29
Good
回复
点赞
举报
ECA
·2021-06-29
Oh boy….
回复
1
举报
Hengfc
·2021-06-29
Hahahahah
回复
2
举报
duhduhduh
·2021-06-29
Ouch.
回复
3
举报
Philipthean8
·2021-06-29
Greed
回复
2
举报
yao2159
·2021-06-29
😱…
回复
3
举报
收起
- yao2159:
  👌
  2021-10-27
  回复
  举报
- Desmond669:
  Good
  2021-06-29
  回复
  举报
- BeBob:
  Like and comment
  2021-06-29
  回复
  举报
查看更多 2 条评论
TK63
·2021-06-29
Wow
回复
1
举报
xoomix
·2021-06-29
Like n comment
回复
1
举报
收起
- Ivanhojh:
  Done
  2021-06-29
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1173259801?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-06-29 09:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173259801","market":"us","top_or_hot":-1,"title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","media":"Bloomberg","content":"<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">网页链接</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"D05.SI","symbol_name":"星展集团控股","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","article_id":"1173259801","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","pubTimestamp":1624929005,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"D05.SI":"星展集团控股"},"translate_title":"新加坡最大投资诈骗案受害者中的顶级律师","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":0.9},"content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":141672107,"gmtCreate":1625872578409,"gmtModify":1625872578409,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"htmlText":"If return is&nbsp;too good to be true, it normally is.&nbsp;&nbsp;","listText":"If return is&nbsp;too good to be true, it normally is.&nbsp;&nbsp;","text":"If return is too good to be true, it normally is.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/141672107","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5176938,"gmtCreate":1625874972212,"gmtModify":1635232987891,"authorId":4087351235415740,"author":{"id":4087351235415740,"idStr":"4087351235415740","authorId":4087351235415740,"name":"4e6e78ce","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141672107,"type":1,"supId":0,"prevId":0,"content":"yup!","text":"yup!","html":"yup!"},{"id":5177031,"gmtCreate":1625875358537,"gmtModify":1635232979139,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141672107,"type":1,"supId":5176938,"prevId":0,"content":"<u>Thanks</u>","text":"<u>Thanks</u>","html":"<u>Thanks</u>"},{"id":5179933,"gmtCreate":1625893046581,"gmtModify":1635232693696,"authorId":3581670241925604,"author":{"id":3581670241925604,"idStr":"3581670241925604","authorId":3581670241925604,"name":"30b09baf","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141672107,"type":1,"supId":0,"prevId":0,"content":"Yet ppl still fall for <u>it</u>","text":"Yet ppl still fall for <u>it</u>","html":"Yet ppl still fall for <u>it</u>"},{"id":5179979,"gmtCreate":1625893704832,"gmtModify":1635232689829,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141672107,"type":1,"supId":5179933,"prevId":0,"content":"Even the smart ones in this case.","text":"Even the smart ones in this case.","html":"Even the smart ones in this case."}],"langContent":"EN"},{"id":154473550,"gmtCreate":1625542153670,"gmtModify":1633939808218,"author":{"id":"3554804006357295","authorId":"3554804006357295","name":"iamateh","avatar":"https://static.tigerbbs.com/cfa6492594e288f70d24f72146aeec45","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3554804006357295","idStr":"3554804006357295"},"htmlText":"OMGG","listText":"OMGG","text":"OMGG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154473550","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159806243,"gmtCreate":1624953690982,"gmtModify":1633946577012,"author":{"id":"4087889072293400","authorId":"4087889072293400","name":"Mikegoh69","avatar":"https://static.tigerbbs.com/ab96f98ac4493d7e326a1e4680d0608d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087889072293400","idStr":"4087889072293400"},"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159806243","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":159367413,"gmtCreate":1624942391732,"gmtModify":1633946678340,"author":{"id":"3582203097187155","authorId":"3582203097187155","name":"gupzbajaj","avatar":"https://static.tigerbbs.com/b0441cdcbc87c9f271dee51139b52dff","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3582203097187155","idStr":"3582203097187155"},"htmlText":"Omg!&nbsp;","listText":"Omg!&nbsp;","text":"Omg!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159367413","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159978911,"gmtCreate":1624938893933,"gmtModify":1633946730116,"author":{"id":"3569638094156050","authorId":"3569638094156050","name":"Estada","avatar":"https://static.tigerbbs.com/035b646e17ea259fd1e75b59654ef1ff","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3569638094156050","idStr":"3569638094156050"},"htmlText":"A moment of folly","listText":"A moment of folly","text":"A moment of folly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159978911","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159969444,"gmtCreate":1624936461088,"gmtModify":1631890473460,"author":{"id":"3578919493159085","authorId":"3578919493159085","name":"SWKSMY","avatar":"https://static.tigerbbs.com/7dd9d778d53a74885b557589a2af98ca","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3578919493159085","idStr":"3578919493159085"},"htmlText":"trolling the professionals","listText":"trolling the professionals","text":"trolling the professionals","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159969444","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159992923,"gmtCreate":1624934340862,"gmtModify":1633946789286,"author":{"id":"4088035103982220","authorId":"4088035103982220","name":"AKKok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088035103982220","idStr":"4088035103982220"},"htmlText":"Wonder if the actions worth the punishment?","listText":"Wonder if the actions worth the punishment?","text":"Wonder if the actions worth the punishment?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159992923","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159908779,"gmtCreate":1624933913691,"gmtModify":1633946798443,"author":{"id":"3581893316433682","authorId":"3581893316433682","name":"beebeebee","avatar":"https://static.tigerbbs.com/fe69fe5e94365b66ede131343e35a17a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3581893316433682","idStr":"3581893316433682"},"htmlText":"Do not get something doesn't belong to you, you will pay back in high price when the time come, wait there.......","listText":"Do not get something doesn't belong to you, you will pay back in high price when the time come, wait there.......","text":"Do not get something doesn't belong to you, you will pay back in high price when the time come, wait there.......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159908779","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159043199,"gmtCreate":1624932886011,"gmtModify":1633946816932,"author":{"id":"3582014700244666","authorId":"3582014700244666","name":"MegFrKtn","avatar":"https://static.tigerbbs.com/855eb032029dca919181fe394e770d3e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582014700244666","idStr":"3582014700244666"},"htmlText":"Interesting. This particular conman outsmarted the d smart ladies!&nbsp;","listText":"Interesting. This particular conman outsmarted the d smart ladies!&nbsp;","text":"Interesting. This particular conman outsmarted the d smart ladies!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159043199","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159049958,"gmtCreate":1624932835474,"gmtModify":1633946817985,"author":{"id":"3576314755404440","authorId":"3576314755404440","name":"ORNEGU","avatar":"https://static.tigerbbs.com/cc9a0db1a49cb16e404b18823322d904","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3576314755404440","idStr":"3576314755404440"},"htmlText":"Hahaha 🤣&nbsp;","listText":"Hahaha 🤣&nbsp;","text":"Hahaha 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159049958","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159050826,"gmtCreate":1624932342765,"gmtModify":1631890006647,"author":{"id":"3585754194174993","authorId":"3585754194174993","name":"TheAlMateen","avatar":"https://static.tigerbbs.com/27948d43575c9b8fab40cb5726a7426e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3585754194174993","idStr":"3585754194174993"},"htmlText":"The smarter you are ……. Haha!&nbsp;","listText":"The smarter you are ……. Haha!&nbsp;","text":"The smarter you are ……. Haha!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159050826","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5066441,"gmtCreate":1624955870985,"gmtModify":1631890006643,"authorId":3584861659205722,"author":{"id":3584861659205722,"idStr":"3584861659205722","authorId":3584861659205722,"name":"diversify","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159050826,"type":1,"supId":0,"prevId":0,"content":"greed affects the rich more","text":"greed affects the rich more","html":"greed affects the rich more"}],"langContent":"EN"},{"id":159050337,"gmtCreate":1624932339529,"gmtModify":1633946825958,"author":{"id":"3585307651801295","authorId":"3585307651801295","name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585307651801295","idStr":"3585307651801295"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159050337","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159024006,"gmtCreate":1624932257205,"gmtModify":1633946828170,"author":{"id":"3581666796108206","authorId":"3581666796108206","name":"wptang1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581666796108206","idStr":"3581666796108206"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159024006","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159060353,"gmtCreate":1624931550372,"gmtModify":1633946843496,"author":{"id":"3583583162782511","authorId":"3583583162782511","name":"ECA","avatar":"https://static.tigerbbs.com/718eae234a49daca134efd37f092acb0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583583162782511","idStr":"3583583162782511"},"htmlText":"Oh boy….&nbsp;","listText":"Oh boy….&nbsp;","text":"Oh boy….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159060353","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159088797,"gmtCreate":1624931379919,"gmtModify":1631893371030,"author":{"id":"3581819974565133","authorId":"3581819974565133","name":"Hengfc","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581819974565133","idStr":"3581819974565133"},"htmlText":"Hahahahah","listText":"Hahahahah","text":"Hahahahah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159088797","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159017430,"gmtCreate":1624931211020,"gmtModify":1633946851427,"author":{"id":"3548519664875261","authorId":"3548519664875261","name":"duhduhduh","avatar":"https://static.tigerbbs.com/3d0b0a451777c580da7e35ef36023d93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3548519664875261","idStr":"3548519664875261"},"htmlText":"Ouch.&nbsp;","listText":"Ouch.&nbsp;","text":"Ouch.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159017430","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159014194,"gmtCreate":1624931135718,"gmtModify":1633946852847,"author":{"id":"3562228753214209","authorId":"3562228753214209","name":"Philipthean8","avatar":"https://static.tigerbbs.com/a64d44f91f21979956dc4a5f98710d97","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3562228753214209","idStr":"3562228753214209"},"htmlText":"Greed&nbsp;","listText":"Greed&nbsp;","text":"Greed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159014194","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159037599,"gmtCreate":1624930805811,"gmtModify":1633946861159,"author":{"id":"3585625672818511","authorId":"3585625672818511","name":"yao2159","avatar":"https://static.tigerbbs.com/372cb7a6b0eb470c394c99cd89e8e487","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585625672818511","idStr":"3585625672818511"},"htmlText":"😱…","listText":"😱…","text":"😱…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/159037599","repostId":1173259801,"repostType":2,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6343463,"gmtCreate":1635325734056,"gmtModify":1635325734089,"authorId":3585625672818511,"author":{"id":3585625672818511,"idStr":"3585625672818511","authorId":3585625672818511,"name":"yao2159","avatar":"https://static.tigerbbs.com/372cb7a6b0eb470c394c99cd89e8e487","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159037599,"type":1,"supId":0,"prevId":0,"content":"👌","text":"👌","html":"👌"},{"id":5062056,"gmtCreate":1624931103969,"gmtModify":1635242206027,"authorId":3562118563279867,"author":{"id":3562118563279867,"idStr":"3562118563279867","authorId":3562118563279867,"name":"Desmond669","avatar":"https://static.tigerbbs.com/e2484115c94d3471cb46f20ea7598b4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159037599,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"},{"id":5062423,"gmtCreate":1624932359799,"gmtModify":1635242170580,"authorId":3585307651801295,"author":{"id":3585307651801295,"idStr":"3585307651801295","authorId":3585307651801295,"name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159037599,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"},{"id":5115638,"gmtCreate":1625363868655,"gmtModify":1635237797192,"authorId":3585625672818511,"author":{"id":3585625672818511,"idStr":"3585625672818511","authorId":3585625672818511,"name":"yao2159","avatar":"https://static.tigerbbs.com/372cb7a6b0eb470c394c99cd89e8e487","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159037599,"type":1,"supId":0,"prevId":0,"content":"😄😄","text":"😄😄","html":"😄😄"},{"id":5177808,"gmtCreate":1625879592459,"gmtModify":1635232903049,"authorId":3585625672818511,"author":{"id":3585625672818511,"idStr":"3585625672818511","authorId":3585625672818511,"name":"yao2159","avatar":"https://static.tigerbbs.com/372cb7a6b0eb470c394c99cd89e8e487","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159037599,"type":1,"supId":0,"prevId":0,"content":"hmm …","text":"hmm …","html":"hmm …"}],"langContent":"EN"},{"id":159037307,"gmtCreate":1624930784409,"gmtModify":1633946861624,"author":{"id":"3568965050760713","authorId":"3568965050760713","name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3568965050760713","idStr":"3568965050760713"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159037307","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":159035150,"gmtCreate":1624930703970,"gmtModify":1633946863487,"author":{"id":"3576157272608324","authorId":"3576157272608324","name":"xoomix","avatar":"https://static.tigerbbs.com/81fb577501c623c67fc3decd73850f8a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3576157272608324","idStr":"3576157272608324"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159035150","repostId":1173259801,"repostType":4,"repost":{"id":"1173259801","pubTimestamp":1624929005,"share":"https://www.laohu8.com/m/news/1173259801?lang=&edition=full","pubTime":"2021-06-29 09:10","market":"us","language":"en","title":"Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1173259801","media":"Bloomberg","summary":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, ","content":"<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.</p>\n<p>Pek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo &amp; Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.</p>\n<p>Ng was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.</p>\n<p>In the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.</p>\n<p>DBS Charge</p>\n<p>Ng was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.</p>\n<p>Declining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”</p>\n<p>Tan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.</p>\n<p>Sudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Lawyers Among Victims of Singapore’s Biggest Alleged Investment Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 09:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-28/top-singapore-lawyers-among-victims-in-alleged-nickel-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173259801","content_text":"Top legal professionals are among people who fell for Singapore’s biggest alleged investment fraud, as the unraveling scandal reveals more high-profile victims.\nPek Siok Lan, general counsel for state-owned investor Temasek International, and Thio Shen Yi, joint managing partner of TSMP Law Corporation, are named in new charge sheets against Singapore businessman Ng Yu Zhi, who has been prosecuted for allegedly raising funds from investors for nickel trades that didn’t exist. Sunil Sudheesan, a director specialized in criminal cases with Quahe Woo & Palmer LLC, and technology startup investorFinian Tanare also among the victims who were allegedly cheated.\nNg was accused of an additional 13 charges on Monday, according to court documents seen by Bloomberg News. He was charged with cheating nine individuals and three corporate entities out of at least S$83 million ($61.8 million) in connection with Envy Global Trading Pte.’s purported forward contracts for the sale of nickel, when there were no such forward contracts, according to the sheets.\nIn the case that has riveted Singapore’s moneyed classes, Ng was first charged in March for allegedly raising at least S$1 billion in what authorities have called one of the city-state’s largest-ever suspected investment fraudschemes. In five years through to 2021, Ng’s companies received fresh funds from investors of about S$1.46 billion, according to an interim judicial managers’ report in May seen by Bloomberg.\nDBS Charge\nNg was also charged with a criminal breach of trust by “dishonestly misappropriating a sum of at least S$201 million” from Envy Global Trading’s DBS Bank account, the documents show.\nDeclining to comment on the Ng and Envy case specifically due to the ongoing investigations, a representative for DBS said the bank maintains “robust systems and controls to identify and report suspicious transactions. We cooperate fully with law enforcement efforts, and this includes account freezing and property seizures.”\nTan, who founded Vickers Venture Partners, said in a response to Bloomberg queries that he is the nominee for his and his partners’ investments in the receivable financing of Envy Global Trading. “It is one of over 60 investments that we have exposure to as part of our overall diversification strategy,” he said. Tan’s entanglement in theschemewaspreviously reportedby Bloomberg News.\nSudheesan declined to comment, citing the ongoing investigations, while Pek and Thio didn’t respond to emails for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5061957,"gmtCreate":1624930787303,"gmtModify":1635242216400,"authorId":3575241823069388,"author":{"id":3575241823069388,"idStr":"3575241823069388","authorId":3575241823069388,"name":"Ivanhojh","avatar":"https://static.tigerbbs.com/a41f0bf4ce9ad13477b3d5ba49c8d025","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159035150,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":138,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}