Singapore court sentences Sun Weiyeh, former One Asia fund manager, to six months for fraud in OTC bond trading, first conviction under Securities and Futures Act.
Singapore court sentences former One Asia Investment Partners fund manager, Sun Weiyeh, to six months in jail for fraudulent acts related to over-the-counter bond trading, marking the first conviction under the Securities and Futures Act for this kind of conduct. Sun sold two OTC bonds at lower prices from a fund he managed to another fund where he was the majority investor, resulting in a $342,500 loss for the first fund's investors.
July 02, 2024
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