On March 20, 2018, Goldilocks Investment Co sued Noble Group Ltd and executives, including founder Richard Elman, in the Singapore High Court, alleging the trader inflated profits to raise money. The suit also alleges management paid themselves inflated salaries, and then tried a cover-up when the accounts came under increased scrutiny, according to a copy of the case filed by Morgan Lewis Stamford LLC. As well as Elman, the defendants include chief executive officer Will Randall, chairman Paul Brough, and chief financial officer Paul Jackaman.