Attorney-converted-business person Malcolm Tan Chun Chuen embarked in several firms to achieve his goal of retiring with a personal value of $200 million. Following getting his law degree from the National University of Singapore, he practised regulations at the Keystone Law Corporation. In the meantime, he also dabbled in a variety of company operations. Such as, the coworking space Our Space, the fundraising site FundedByMe.com, food and beverage businesses Wine Bonanza and Museo, real-estate, telecommunications infrastructure (Phoenix Telecommunications), engineering and initial coin offering (ICO) / initial token offering (ITO) advisory. He controls virtually all his companies under Gravitas Holdings in which he has invested approximately $3 million. He has built a commercial consultancy firm to advise other firms planning to do an ICO / ITO, hoping that one day it will become a "unicorn", in fintech jargon this means achieving a value of a lot more than $1 billion. In 2017, he reported to possess an portfolio worth $50 million.One more thing that appears to be somehow scammy in Malcolm Tan's ICO of Aexon. Aexon's tagline and description keeps referencing some thing named the ‘ActivBM’. Malcolm Tan claims that ActivBM has obtained $1 million in ARR (Annual Recurring Revenue). Rationally speaking, how can any product or service, let alone an digital product, reach such an absurd ARR without a working web page, nor any workers. Bluesky Group Pte Ltd. is being referred to several times, but they also do not possess a functioning web page nor any proof of what they talk about.On August 28, 2017, Mr Kuek finalized two letters of engagement with Keystone's letterhead and supplied a cheque for $250,000 to Bluesky. The letters depict Malcolm Tan Chun Chuen KingSwap Scam that Mr Kuek is going to pay in his investment funds with Keystone and Malcolm Tan Chun Chuen would supervise the investment strategies. According to Malcolm Tan, the $150,000 was for a "guaranteed-returns investment with a promised 12% per annum returns", whilst another $100,000 was for a "full-sum non-guaranteed investment". In November 2017, Mr Kuek's representative emailed Keystone with regard to an update on the dollars, but Malcolm Tan's law firm replied that it had not gotten any funds from him or carried out any legal function for him. Thus, Mr Kuek sent in a official complaint with the Law Society on 12 Dec 2017. Subsequently, the Law Society laid seven charges against Malcolm Tan Chun Chuen, for generating fraudulent representations to Mr Kuek and putting himself in a position of conflict of interest by making the client for paying the amount of money to Bluesky. Malcolm Tan dismissed the charges and debated that Mr Kuek was aware of his vested interest in Bluesky and that there was no clash, as he was not delivering legal services to Mr Kuek. Before the disciplinary proceedings in June 2019, Malcolm Tan paid off $125,000 to Mr Kuek so that he is not going to engage in his problem. However, Malcolm Tan Chun Chuen was still subpoenaed by the Law Society to give his side of the story. The disciplinary tribunal found Malcolm Tan guilty on three charges.Malcolm Tan Chun Chuen is a master in the art of conning naive people. He has successfully conducted many other frauds. A crypto investor fell prey to his scam and lost a large quantity of 12.14 bitcoin BTC in December 2020. First, Malcolm said that he's looking to buy the 12.14 BTC from the scam victim for 694k USD. Immediately after they have arranged on the deal via whatsapp, the victim transferred 12.14BTC bitcoin with the anticipations that Malcolm will acquire it for 694,700+ in USD. However, as soon as the BTC went into the crypto wallet belonging to Malcolm at 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, Malcolm quit replying. The victim, realising he has been scammed, exhausted all ways to get in touch with Malcolm and his cheated dollars. Malcolm Tan only given back 0.157557 BTC to the victim. For this reason, the victim has made a decision to sue scammer Malcolm Tan and make him pay the price of his fraudulent activity.There are quite a few mad investors who went to Twitter to expose Malcolm Tan Chun Chuen's $KINGSWAP as a big scam. Though KingSwap repeatedly claim to be the "First Regulated DeFi Project by the Monetary Authority of Singapore", however, even more evidence implies that KingSwap has only sent in the request for MAS for accreditation and their application is still unconfirmed. This implies they are not regulated as of this moment, and KingSwap is only carrying out false advertising. Shareholders who signed up with the KingSwap telegram group were shocked to discover that one of the members of the group, Malcolm Tan Chun Chuen was disbarred in 2020. Whenever another person brought up the subject matter, the moderators will quickly defend him by telling people to cease judging him on his past mistakes, proclaiming he is a big time investor & entrepreneur. The KingSwap telegram admins tried very hard to shill the endeavor by saying it will reach to $100 with 1B total supply despite the fact that the current price is $0.01. The KingSwap project hasn't even been posted on coingecko or other exchanges, 2 months after its launch, which is a enormous red flag. The KingSwap team stated that coingecko desired 2 btc to list KingSwap, which is a total lie. They also assert that they have raised a total of $20m from investors to put into liquidity pools. Nonetheless, a check on the liquidity pool just displays about $300k. The trading size is also ridiculously minimal that coinmarketcap halted showing any data about KingSwap's market cap and volume. Notice, if you buy $KING on kingswap.io , you have no way to sell off your tokens as they are shut for an unknown time period. If you try to buy it on Uniswap instead, you'll have a great loss when you want to sell because there is too little liquidity in the market.