Jail for ex-Jade Tech boss over failed takeover bid

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#1
Jail for ex-Jade Tech boss over failed takeover bid
http://www.channelnewsasia.com/news/sing...50402.html
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#2
this time he famous, 1st of the kind in singapore! Smile

SINGAPORE: Anthony Soh Guan Cheow, a medical doctor turned businessman, was on Friday (Aug 14) sentenced to 8 years and 9 months’ jail and fined S$50,000 in connection with a failed takeover bid for Jade Technologies Holdings in 2008.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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#3
Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.
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#4
(14-08-2015, 09:04 PM)GPD Wrote: Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years?? Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#5
(14-08-2015, 10:25 PM)CityFarmer Wrote:
(14-08-2015, 09:04 PM)GPD Wrote: Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years?? Tongue

Oh I see wrongly. Thought was 8 months. Well 8 years for $50mil. Still a good bargain. Big Grin
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#6
(15-08-2015, 12:46 AM)GPD Wrote:
(14-08-2015, 10:25 PM)CityFarmer Wrote:
(14-08-2015, 09:04 PM)GPD Wrote: Wow, if he did managed to cash out most of his shares, he could have gotten $50mil of out it. A fine of $50k is peanut. Less than a year later, he will still gets to enjoy his ill-gotten money.

Less than a year later? I thought he got more than 8 years?? Tongue

Oh I see wrongly. Thought was 8 months. Well 8 years for $50mil. Still a good bargain. Big Grin

I really doubt he can benefit from the offense. I didn't dig in further. It is either the the proceeds has been forfeited or pending further action...
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#7
Jade Technologies' ex-boss gets longer jail term after failed appeal
http://business.asiaone.com/news/jade-te...led-appeal
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