He pleaded guilty to creating a false market for Blumont and Asiasons shares between March 18, 2013, and October 3, 2013.
When the scheme collapsed in October 2013,"the losses that were caused to innocent parties were massive", Deputy Public Prosecutor Nicholas Tan said. Despite Goh's claims to have played only a limited role acting on specific instructions, Justice See noted that Goh"did have some measure of autonomy. indicates that he managed a pool of funds and was eventually entrusted to arrange for contra trading losses to be paid without needing to seek specific approval from Soh or Quah".
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