3 employees under YG Ent suspected of embezzling 2.5 billion KRW of concert fees

[wrongbyright.livejournal.com]

It was revealed on 1st December that 3 employees from YG Entertainment, which singers Big Bang and 2NE1 are under, were found to have embezzled 2.5billion KRW of the agency singers’ concert fees.

According to Criminal Division 4 of Seoul Central District Prosecutors’ Officesaid that the 3 employees have been charged on non-restraint. The 3 employees were working as managers in YG and have been accused of stealing about 2.5billion KRW worth of the singers’ concert fees for their own pleasure, living expenses and for investment.

In addition, 3 club representatives – Im (37), Ji (40), Kim (39) – with relations with YG Entertainment’s owner Yang HyunSeok have been charged with tax violations. This 3 have in the period of the past 4 years deliberately avoid tax payments of up to 1 billion KRW after using the club’s registration fees etc for their own use.

This was after months of secret investigation by the IRS on YG.

source: sookyeong

EDIT: A newer article was posted on sookyeong.

One of Korea’s big entertainment agency, YG Entertainment, well-known through popular idol artists such as Big Bang, Seven, and 2NE1, falls into another crisis.
Currently, 3 people are being kept in the police station for stealing the payments of the stars under YG Entertainment, including, Big Bang and 2NE1. The amount totals up to about 2,500,000 dollars.

These people who had been working in YG Entertainment as managers and secretary starting taking the money since 2004 and including last year, they were able to continually take money from the big business for 4 years eventually totaling up to 2,500,000 dollars. Other than that, they are also known to have used the money for personal investing fees in stocks and also for their daily lifestyle.


source: sookyeong

Thanks to gdlovesbee for commenting about the new article.

Comments

[jaded-skys.livejournal.com]

[biznass.livejournal.com]

[filmsession.livejournal.com]

oh snap yg will cut them

[jyurian21.livejournal.com]

Oh wow, I wonder if they are conducting secret investigations in JYPE and SM too, lol.

[supremacists.livejournal.com]

HOW.
DARE.
THEY.~

[ms-worplesdon.livejournal.com]

HOLY FUCK. First, for the fact that there was that much to embezzle, because sums like that going unnoticed still shock my tiny little mind, but also loling about the IRS being the same name as the US. ILKorea♥

[honeebs.livejournal.com]

(http://s427.photobucket.com/albums/pp359/Honee2meb/?action=view&current=madea-goes-to-jail-teaser1.jpg)

[wonder-ment.livejournal.com]

appropriate.

[nimco.livejournal.com]

they need to go to jail and hide before VIPz come after their ass.

[keeni84.livejournal.com]

2.5 billion won is a little over 2 million USD, btw.

[cookie-nut.livejournal.com]

JC. O_O!

[pickychu.livejournal.com]

omg when I saw 'Im', I almost had a heart attack. Thank shisus Danny isn't that old.

[gdlovesbee.livejournal.com]

IKR OMG

[centric-xx.livejournal.com]

oh hale naw.

[bilijoon.livejournal.com]

shame-y, shame-y. *does the shame-y finger motion*

[fraash.livejournal.com]

Well,
guess no one will be going to their funeral.

[audiobebop.livejournal.com]

hahahahahaa

[bilijoon.livejournal.com]

amazing reaction.

[wonder-ment.livejournal.com]

OWTF BITCHES BETTA BACK UP!
(http://s30.photobucket.com/albums/c345/Kousagi4eva/?action=view&current=45er6t7yu00008.gif)

[cloaked.livejournal.com]

looks more like an intense orgasm to me

[lastclasshero.livejournal.com]

lol am i the only one who mistook IRS for IRIS? T__T

[titanicgirl.livejournal.com]

I did, I had to go back and read that part again.

[-ochre.livejournal.com]

ho shhhhhhhit son lol

[treasurewindow.livejournal.com]

Wow.. :|

[xtohoshinki.livejournal.com]

[bbgroove.livejournal.com]

PREACH IT!!! lol

[http://users.livejournal.com/veritas_vincit_/]

...and this is why i should read the WHOLE title and not just look at a bit of it and then the picture.

because i totally thought BB and 2ne1 were the embezzlers.

/fail

[bilijoon.livejournal.com]

LOL
(i almost did too)

[youngwoonie.livejournal.com]

Shit just got real.


Real talk.

[wonder-ment.livejournal.com]

BB @ YOUR ICON..... I HAD THE SAME FUCKING REACTION!!!!

[maisoui.livejournal.com]

Dang. Well, they have it coming for them.

[bai-se-yue.livejournal.com]

Dam..... Ass whooping to ensue. Carry on!

[rennii.livejournal.com]

...the fuck o_o

[volatilewind.livejournal.com]

A+

[gdlovesbee.livejournal.com]

omg i was trying to find an appropriate gif!!