CEO of sports car distributor Eurosports fined $210k for false trading

Published Sep 09, 2026, 02:56 PM

Updated Sep 09, 2026, 02:56 PM

Goh Kim San, CEO of Eurosports Global, was fined $210,000 for instructing nominees to trade shares and create a false appearance of active trading between 2015 and 2018.

He used his own and nominees' accounts to place buy and sell orders on 42 occasions to avoid a ‘flatline’ in the company’s share trading, despite no direct financial gain.

Prosecutors stressed the importance of market integrity, while Goh’s lawyers highlighted no investor loss and the emotional toll of the four-year investigation on Goh and his company.

SINGAPORE – The chief executive of sports car distributor Eurosports Global was fined $210,000 on Sept 9 over trades he conducted in his firm’s shares to give the false appearance of active trading in his firm.

Goh Kim San, also identified in court documents as Melvin, pleaded guilty to three charges of false trading. Sixteen other charges under the Securities and Futures Act were taken into consideration in sentencing the 69-year-old.

At the time of the offences between 2015 and 2018, Goh was the CEO and executive chairman of Eurosports, a company listed on Singapore Exchange’s Catalist board.

Eurosports was founded by Goh in 1988 and mainly distributes luxury automobiles, with related after-sales services. The firm is the authorised dealer of Lamborghini cars in Singapore and Indonesia.

Between 2014 and 2021, Goh used three of his personal share trading accounts with various brokerage firms and the trading accounts of three nominees – Kan Chee Gin, Fong Chee Yan, and Leo Chun Kong – to trade Eurosports shares.

At the time, Eurosports was a relatively illiquid counter.

Deputy Public Prosecutors Magdalene Huang and Wong Shiau Yin said Goh disliked the appearance of inactivity in Eurosports’ share counter, likening it to a flatline in the intensive care unit.

To show trading activity, the CEO decided to trade in his company’s shares to create “blips” in the price chart.

Goh placed buy and sell orders of Eurosports shares using his own trading accounts and the nominees’ trading accounts on 42 occasions across 22 trading days.

This was done with the nominees’ consent.

The prosecutors said Kan, a former sales manager at Euro Automobile, a subsidiary of Eurosports, his long-time friend Fong and Leo, a former customer of Eurosports and a friend of Goh’s, did not receive any financial benefit for allowing Goh to use their trading accounts.

Goh was eventually arrested in December 2021.

Seeking a fine of $250,000, the prosecutors said that even though Goh did not directly profit from his offences, he was motivated by self-interest and personal gain.

Noting his motivation to avoid a “flatline”, the prosecutors said: “While the apparent motivation behind these offences may appear trivial, a clear and firm message must be sent to would-be or likeminded offenders: the securities market is not a playground to be exploited at will.”

Goh’s defence lawyers, Melanie Ho, Tang Shangwei and Neo Yi Ling of WongPartnership, urged the court to impose a fine of $180,000, noting that there was no evidence of any investor loss.

They said the trades caused minimal price movement, and added that the absence of sophistication, profit, price ramping and involvement of a transnational or syndicate element all point to the lower end of the sentencing spectrum.

“These proceedings have been hanging over Goh’s head for approximately four years since investigations commenced,” said his lawyers.

“The investigations and subsequent charges have taken a significant emotional and psychological toll on him. The negative publicity has also affected the company’s relationships with its investors and counterparties.”

Nadine Chua is a correspondent covering crime and court at The Straits Times.

发布于 2026 年 9 月 9 日下午 2:56

更新于2026年9月9日下午2:56

Eurosports Global 首席执行官 Goh Kim San 因指示代理人在 2015 年至 2018 年期间进行股票交易并制造活跃交易的虚假假象而被罚款 21 万美元。

他利用自己和代理人的账户，42次下达买卖指令，以避免公司股票交易出现“停滞”，尽管没有获得直接的经济收益。

检方强调了市场诚信的重要性，而吴先生的律师则强调了投资者没有遭受损失，以及长达四年的调查给吴先生及其公司带来的情感创伤。

新加坡——跑车经销商 Eurosports Global 的首席执行官因操纵公司股票交易，造成公司交易活跃的假象，于 9 月 9 日被罚款 21 万美元。

吴金山（Goh Kim San，法庭文件中也称梅尔文 Melvin）承认三项虚假交易罪名。在对这位69岁的老人进行量刑时，法庭还考虑了他违反《证券及期货法》的其他十六项指控。

在 2015 年至 2018 年的犯罪期间，吴先生是 Eurosports 的首席执行官兼执行主席，该公司在新加坡交易所凯利板上市。

Eurosports由Goh于1988年创立，主要经销豪华汽车并提供相关的售后服务。该公司是兰博基尼汽车在新加坡和印度尼西亚的授权经销商。

从 2014 年到 2021 年，吴先生利用他在各经纪公司的三个个人股票交易账户以及三个代理人（Kan Chee Gin、Fong Chee Yan 和 Leo Chun Kong）的交易账户进行 Eurosports 股票交易。

当时，欧洲体育股的流动性相对较差。

副检察官黄玛格达琳和黄晓燕表示，吴先生不喜欢欧洲体育股价毫无波动的景象，将其比作重症监护室里的直线。

为了显示交易活动，首席执行官决定买卖公司股票，以在价格图表上制造“波动”。

在 22 个交易日内，Goh 使用自己的交易账户和代理人的交易账户，共计 42 次下达了 Eurosports 股票的买卖指令。

这是在征得被提名人同意的情况下进行的。

检方表示，Kan（Euro Sports旗下子公司Euro Automobile的前销售经理）、他的老朋友Fong以及Leo（Eurosports的前客户，也是Goh的朋友）并未因允许Goh使用他们的交易账户而获得任何经济利益。

吴最终于2021年12月被捕。

检方寻求对吴某处以 25 万美元的罚款，并表示，尽管吴某并未直接从其犯罪行为中获利，但他的动机是出于自身利益和个人得失。

检察官指出，被告的动机是为了避免“一蹶不振”，并表示：“虽然这些犯罪行为背后的明显动机可能显得微不足道，但必须向潜在的或有类似想法的犯罪者发出明确而坚定的信息：证券市场不是可以随意利用的游乐场。”

Goh 的辩护律师 Melanie Ho、Tang Shangwei 和 Neo Yi Ling（均来自 WongPartnership 律师事务所）敦促法庭判处 180,000 美元的罚款，并指出没有任何证据表明投资者遭受损失。

他们表示，这些交易造成的价格波动极小，并补充说，缺乏复杂性、利润、价格上涨以及跨国公司或犯罪集团的参与，所有这些都表明量刑范围应在较低水平。

“自调查开始以来，这些诉讼程序已经困扰吴先生大约四年了，”他的律师说。

“调查和随后的指控给他造成了巨大的情感和心理创伤。负面舆论也影响了公司与投资者和交易对手的关系。”

Nadine Chua是《海峡时报》负责报道犯罪和法庭新闻的记者。