Malcolm Tan, ICO advisor, files a lawsuit to cover his tracks

You may well have read the earlier posts on this website from various locations that document, in detail how Malcolm Tan operates, in that he benefits from his status as a lawyer and utilised that status to file frivolous suits against those which question him and his methods. One of those organizations is SMRT The Vigilanteh, who spend their time exposing crime and corruption over in Singapore. While the wording, and content of their exposes may well be humerous, the actions that they cover and publicise sure are not. We have already featured on this website their work, on prior posts, here:

What you will notice when you read that post is that the content written by The Vigilanteh on Facebook is no longer there, and has been removed. This is because Malcolm Tan, Singapore lawyer has filed a claim against them in court in Singapore, what is known as a ‘non-publication order’. Basically, he doesn’t want this stuff publicizing.

In a response on their Facebook page, SMRT The Vigilanteh posted their very humerous response to the court filing.

Malcolm Tan Cryptocurrency Influencer

It’s worth noting that in the court filing, The Vigilanteh stands accused by Malcolm Tan of being involved with this website, which we can confirm they are not. We only wish that they were!


Police Report filed against Malcolm Tan, Singapore Lawyer

A Police report has been filed in Singapore by a person who thought that they were Malcolm Tan’s business partner, until he found that the business in which he invested was earning revenue through potentially fraudulent use of the PIC scheme.

A copy of the report is below.

The full content of the filed police report is as follows:

“I met Malcolm through a Singapore Business Federation’s seminar. We spoke about business and we became business acquaintance. One day in Dec 2015, Malcolm texted me via WhatsApp to invest in his new business venture, Zaffiro holdings. He has misled me into believing more investors already injected into the venture. I was also given the impression that the capital injection is based on full cash injection. I agreed and told him that I was interested to put in 50K as a 5% equity.I paid him using cheque and handed over the cheque personally on the 31/1/2016.

After which, in February, I texted him to check with him who else is putting the 95% for the capital and he did reply but changed the calculation on the capitalisation. He added in some absurd valuation of unproven businesses and also added in PIC rebate income as part of the calculation. I also sat in a couple of Zaffiro holding’s meetings and was not comfortable with Malcolm’s strategy of earning through PIC rebates from customers. I did not feel it was right as he was trying to earn by cheating taxpayer’s money through PIC. As such I decided to withdraw from the investment.

One the 23/02/2016, I informed that I would like to pull out from the investment and asked him to return my $50K. He informed that he would do so however he kept prolonging the payment till date. There have a handful of people who have been cheated by him and I wish to inform that he may still continue to cheat others. I am lodging this report for investigation purposes. Thank you.