Will VT, Nerine & Chryseis be investigated on their personal involvement as shareholders & Directors of SEA Gamer Mall in US Hacking incident? According to a report from Malaysiakini, Tan Sri Chen Zhiyuan’s daughters Chen Xuebing and Chen Xueling are among the directors of SEA Gamer Mall.
Chen Zhiyuan himself also became the major shareholder of SEA Gamer Mall through Cyberventures Pte Ltd. Cyberventures is owned by Vecc-Men Holdings Limited, which is held by Chen Zhiyuan.
Good Berjaya group is in the clear & not involved, however money laundering is a serious charge by US DOJ, as major & 13 years long term personal shareholder in SEA Gamer Mall...US DOJ may apply to freeze VT's personal US & UK assets like his 10% stake in LA FC valued at RM292 million & Cardiff FC to assist in investigations to trace the source of income etc like share of profits from SEA Gamer Mall operations both legal & illegal?
US News update Once the hackers had access to a video game company, according to the Justice Department, they would modify its databases to generate certain items or virtual currency for themselves and then sell it through a marketplace called SEA Gamer Mall, a company based in Malaysia.
The details In his press conference on the indictment, US deputy Attorney general Jeffrey Rosen said Chinese authorities had “chosen” to not enforce the law against the alleged hackers.
“The Chinese government has made a deliberate choice to allow its citizens to commit computer intrusions and attacks around the world because these actors will also help the People’s Republic of China,” he said.
As for the 23 charges Wong and Ling face, the DOJ lists them as follows:
One count of racketeering conspiracy, which carries a maximum sentence of 20 years in prison;
One count of racketeering, which carries a maximum sentence of 20 years in prison;
Three counts of intentional damage to a protected computer, which carries a maximum sentence of 10 years in prison;
Five counts of unauthorised access to a protected computer, which carries a maximum sentence of five years in prison;
Five counts of furthering fraud by unauthorised access to a protected computer, which carries a maximum sentence of five years in prison;
Two counts of access device fraud, which carries a maximum sentence of 10 years in prison;
Two counts of identity theft, which carries a maximum sentence of five years in prison;
One count of aggravated identity theft, which carries a mandatory sentence of two years in prison;
Three counts of money laundering, which carries a maximum sentence of 20 years in prison.
“The indictment also alleges false registration of domain names, which would increase the maximum sentence of imprisonment for money laundering to 27 years; the maximum sentence of imprisonment for unlawful access to a protected computer to 10 years instead of five years; the maximum sentence of imprisonment for intentional damage to a protected computer to 17 years instead of 10 years; and the mandatory sentence of imprisonment for aggravated identity theft to four years instead of two years,” it said.
US DOJ charges against SEA Gamer Mall senior executives The second August 2020 indictment charged Wong Ong Hua, 46, and Ling Yang Ching, 32, both Malaysian nationals and residents, with 23 counts of racketeering, conspiracy, identity theft, aggravated identity theft, access device fraud, money laundering, violations of the CFAA, and falsely registering domain names. The indictment alleged that Wong and Ling conducted the affairs of Sea Gamer Mall, a Malaysian company founded by Wong, through a pattern of racketeering activity involving computer intrusion offenses targeting the video game industry in the United States, France, Japan, Singapore, and South Korea. The indictment alleged that Wong and Ling worked with various hackers, including Zhang and Tan, to profit from the hackers’ criminal computer intrusions at video game companies.
Instead of seeing VT goreng BCorp into a soaring share price, would rather VT (1) stop using BCorp to buy high sell low his privately owned companies with "independent" directors really independent acting in the best interests of minorities (2) further streamlining BCorp into an easier to understand companies, structure-wise and financial reporting-wise (3) start treating minorities fairly by declaring dividends including all listed subsidiaries. These will ensure a sustainable BCorp that can provide long term benefits to all shareholders, majority and minority included.
Company involved in the case is SEA Gamer Mall, a Malaysia-based firm that sells video game currency, power-ups and other in-game items. Out of seven, Two members have been caught. However, these two were businessmen in Malaysia, and the hackers are still at large. The two businessmen were caught in a sweeping operation by the FBI and private companies including Microsoft to block the hackers from using their online accounts.
Mastermind in Sg Buluh jail. Sea Gamer illegal operations paralysed. No more easy cash from private investment to support Berjaya shares? Further shareholders & directors in both SEA Gamer & Berjaya related?
SEA Gamer Mall (www.seagm.com) is a platform in the global online gaming space that enables gamers to purchase digital goods. SEA Gamer Mall retails and distributes digital game time codes, console reload codes, game activation keys for both popular local and international games. It counts Berjaya Corp Bhd founder Tan Sri Vincent Tan as one of its private investors via Cyberventures Sdn Bhd since 2012. Wong said he formed SEA Gamer Mall after a friend in China asked for his help to sell to the Southeast Asian market. I built the website and I do the customer service myself. Now we have a website development team, many staff and departments to handle (the operations).” He said the business of Sea Gamer Mall meets his three criteria of obtaining immediate payment (cash), with little or no after-sales services and is one business that not many people can do.
Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats ! So that our politic will be stable for another 3 years till 2023 election ! It’s good for our economy, like that next week KLSE will be spike up like mad already !
Good la...opens the way for shares swap with BJLand as more beneficial for BJCorp..in order to access all the money coming from Jeju Korea compensation and GMOC China Arbitration..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eddysurge
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Posted by Eddysurge > 2020-09-17 13:03 | Report Abuse
https://youtu.be/JU57AffnCao