A Police document has been recorded in Singapore by a guy who thought that they were Malcolm Tan Chun Chuen's business associate, until he found that the business in which he invested was getting revenue via sketchy bogus use of the PIC structure. The prey met Malcolm by way of a seminar. In December 2015, Malcolm Tan Chun Chuen contacted the victim to devote in his new business ventures, Zafro holdings. Malcolm misled the prey into assuming that much more investors had started invested into the endeavor, and that the capital injection is relying on full cash injection. The victim decided on $50K in return for a 5% equity stake, which he did not got back once he tried to pull out his investment decision later.One more thing that appears to be somehow scammy in Malcolm Tan's ICO of Aexon. Aexon's tagline and description keeps bringing up a little something known as the ‘ActivBM’. Malcolm Tan boasts that ActivBM has attained $1 million in ARR (Annual Recurring Revenue). Logically speaking, how can any solution, let alone a online product, arrive at such an ridiculous ARR without a functioning internet site, nor any staff members. Bluesky Group Pte Ltd. is being referred to many times, still they also do not possess a operating site nor any evidence of what they mention.Law Society of Singapore Disciplinary Committee has launched a full investigation into the alleged scams performed by Malcolm Tan Chun Chuen, the Singapore lawyer-turned-entrepreneur. He was charged and afterwards found guilty of a breach of a guideline of conduct under the provisions of the Legal Profession Act (Cap 161) due to improper conduct or practice. He was reprimanded and required to settle the fees of all the legal proceedings and to give back the cash to the scam victims.Malcolm Tan Chun Chuen scammed one other victim of cryptocurrency as lately as in December 2020. During the incident, Malcolm Tan defrauded the scam victim into sending him 12.14BTC worth 694k+ in USD. After receiving the 12.14 BTC to the digital wallet address of Malcolm, 1CujfQcB8AxborFyqLnDZec6xVpD9dTqTi, he refused to transfer the funds to the victim. The deal arrangement happened via whatsapp. To date, Malcolm just returned 0.157557 BTC to the victim. The victim is currently getting legal activities and suing Malcolm Tan for his criminal breach of agreement.Someone of the CoAssets Group has successfully took legal action on Malcolm Tan back in Malcolm Tan Chun Chuen 2017 and completely retrieved their money. Realising that his con is being revealed on the internet and scam subjects speaking up about his horrible crimes, Malcolm has changed the name of his law firm from “Malcolm Tan Chambers LLC” to "Magna Law LLC", making sure that he can continue to carry out his scam. He is aware that his identity and his company's name is finding a very negative status in the sector. Everybody kindly note that Malcolm's law firm is now called MAGNA LAW LLC. Only by working together, we can avoid more men and women from falling victim to his ponzi cons and fraud schemes. Malcolm Tan Chun Chuen's scam firm, MAGNA LAW LLC is licensed as a local firm in Singapore. The registered address of his business is Singapore Land Tower, 50 Raffles Place, Postal 048623, #19-03. The company was formed 2.7 years ago on the 1st of August 2018 with a starting funds of SGD 10k. The business used to be known as MALCOLM TAN CHAMBERS LLC and they now continue to deliver their legal advisory services with a brand new front.