When will MADTOWN catch a break?? New agency under investigation for fraud

[showminomoney.livejournal.com]

The CEO of an entertainment agency has been charged with fraud and is currently undergoing further investigations to his crimes.

GNI Group’s CEO Seong Cheol-ho was charged with fraud charges and is currently being investigated. GNI Group is the head company and has a subsidiary called GNI Entertainment. GNI Entertainment currently has idol group MADTOWN, actor Jeong Si-Hyun, actresses Shin Eun-Je, Min Jae-Hee and Seo Jung-Hee signed to the agency.

On February 22, Seong Cheol-ho was arrested and questioned in Songpa Police Station regarding his charges. The CEO promised investors high returns and funneled funds from the company to juggle the amount of promises and stakes for personal gain.

Seong Cheol-ho is facing a total of 32 counts of criminal charges and these include but are not limited to fraud and foreign exchange violations.

As a result of the arrest of the sudden arrest of the GNI CEO, the former J. Tune Entertainment idol group, MADTOWN’s future inside the industry is at crossroads. MADTOWN had their contracts fully transferred from J. Tune Entertainment to GNI on January 2017. The media tried to make contact with the company to get an official statement regarding the arrest of the CEO, but all intents have been in vain.

Source: edaily.co.kr via koreaboo

WTF!!!!

Comments

[boxcuttergirl.livejournal.com]

OH COME ON

[donaldjdrumpf.livejournal.com]

Really worried about my Jota :(

[jinkiestabi.livejournal.com]

I'm inclined to believe that JTC "handed" them over so nicely to this company on purpose.

Either way, this is unfortunate. It seems that anyone who does business with JTC risks their career being in the shitter at one point. They must be having a hard time.

[showminomoney.livejournal.com]

[jinkiestabi.livejournal.com]

It was just quite random and out of the blue how they went to another company and it happened "nicely".

Just makes me wonder.

[showminomoney.livejournal.com]

True, I thought nothing of it at first because I figured JTC was dead, but now...

[pearlychoco.livejournal.com]

op got me into this group, and i don't plan on getting out

in the meantime, poor guys ;__; they can't catch a break ugh

[showminomoney.livejournal.com]

Oh noo! I feel bad that I've just been delivering bad news since then... :(

[pearlychoco.livejournal.com]

no worries! i've been watching their vapp and videos pre-emptiness era (which is still on repeat to this day, no shame lol)

[izumichan31.livejournal.com]

Oh no

[audiograms.livejournal.com]

I swear I'm a curse on these groups :( I love them though x

[reader17.livejournal.com]

This makes me sad, they are so good and they deserve to have a chance between JTC and now their new agency it doesn't look good. Hoping somehow they can get a new agency and get recognized. I just loved emptiness, OMGT!

Shoot now I will have OMGT going through my head the rest of the night :)