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Search results for "Act on the Aggravated Punishment of Specific Economic Crimes"

'$30 billion fraud' One Hundred CEO Cha Gawon is arrested and sent to prosecutors on suspicion of stealing $24.2 billion

'$30 billion fraud' One Hundred CEO Cha Gawon is arrested and sent to prosecutors on suspicion of stealing $24.2 billion

By posing as an IP business for entertainment artists, he allegedly pocketed a $24.2 billion advance payment, with signs of “round-robin” repayment of existing debts
The peak of a $30 billion-claimed fraud scandal that has sent shockwaves through the entertainment industry is now facing judgment in court. The CEO of the famous entertainment agency 'One Hundred Label,' 'Cha Gawon,' has been arrested and sent to the Seoul Central District Prosecutors' Office on...
| James choi
Park Soo-hong's Older Brother Sentenced to 3 Years and 6 Months in Prison in Appeal Court... Sentence Increased

Park Soo-hong's Older Brother Sentenced to 3 Years and 6 Months in Prison in Appeal Court... Sentence Increased

Sister-in-law's Not Guilty Verdict Overturned to 'Suspended Sentence'... Court States 'Severe Punishment for Moral Hazard'
Park Jin-hong, the older brother of broadcaster Park Soo-hong, who was charged with embezzling hundreds of millions of won from the funds of his agency, was sentenced to a heavier prison term in the appeal court and was taken into custody.
| 김지민
'300 Billion Won Fraud' Cha Gawon Seeks Third Arrest Warrant Request... Will Prosecutors Again Reject It?

'300 Billion Won Fraud' Cha Gawon Seeks Third Arrest Warrant Request... Will Prosecutors Again Reject It?

Allegations of embezzling a 24.2 billion won advance payment and a 5.4 billion won jeonse scam... Defense attorney pushes back, saying the police carried out unlawful investigations
"Hundred Label" Cha Gawon faces 300 billion won fraud allegations... Eyes on police pressure for a third arrest warrant Police have taken the extreme step of pursuing a third arrest warrant against Cha Gawon, the representative of "Hundred Label", an entertainment agency accused of fraud on a...
| James choi
The Boyz’ 9 members win injunction application to suspend exclusive contract…“Confirmed lawful termination”

The Boyz’ 9 members win injunction application to suspend exclusive contract…“Confirmed lawful termination”

The court recognized a breakdown of trust due to the agency’s fault, including nonpayment of settlement funds and refusal to provide materials The agency’s claim that “the contract fee equals an advance payment” was explicitly rejected…A complaint has also recently been filed against Chairman Cha Gawon of Hundredly Readable for alleged embezzlement Nine members excluding New (New) can now move independently, and will carry out the already confirmed schedules and concerts as they promised their fans
Among the 10 members of the group The Boyz , nine won an injunction application they filed against their agency, OneHundredly Readable, seeking to suspend the effect of their exclusive contract, allowing them to pursue independent activities.
| Seongchan Eol
‘Embezzlement of Appearance Fees’ Park Soo-hong's Older Brother, 3 Years and 6 Months Imprisonment Confirmed by Supreme Court

‘Embezzlement of Appearance Fees’ Park Soo-hong's Older Brother, 3 Years and 6 Months Imprisonment Confirmed by Supreme Court

Sister-in-law also confirmed to 1 year and 6 months in prison with 2 years probation... Heavier punishment than the first trial maintained
Park Soo-hong's older brother, Mr. Park, who was indicted for embezzling tens of billions of won from the appearance fees of broadcaster Park Soo-hong, has had his 3 years and 6 months imprisonment confirmed. The Supreme Court maintained the sentence, stating that there was no legal...
| Yangsimoh
Park Na-rae Announces Complete Suspension of Broadcasting Activities Amid Abuse and Illegal Medical Allegations

Park Na-rae Announces Complete Suspension of Broadcasting Activities Amid Abuse and Illegal Medical Allegations

"I have resolved misunderstandings with my manager, but I feel a sense of responsibility"… Legal risks remain over illegal medical procedure allegations
Comedian Park Na-rae, at the center of controversy over abuse allegations and illegal medical practices, has announced a complete suspension of her broadcasting appearances. On the 8th, Park Na-rae officially stated through her SNS, "I have decided to stop all broadcasting activities until all...
| 김지민
Park Na-rae, Former Manager Files Counterclaim for 'Extortion Allegations'... Confronting Abuse and Embezzlement Controversy

Park Na-rae, Former Manager Files Counterclaim for 'Extortion Allegations'... Confronting Abuse and Embezzlement Controversy

Agency states "After receiving severance pay, they demanded an additional 10% of sales"... Regarding allegations of special injury and illegal medical treatment, they said "it's completely false"
In response to the so-called 'abuse lawsuit' from former managers, comedian Park Na-rae has launched a strong counterclaim for extortion allegations. A representative from Park Na-rae's side stated on the 6th that they submitted a complaint against former managers A and B for extortion at the...
| 김지민
Park Soo-hong's Older Brother Receives 7-Year Sentence in Appeal... Verdict on December 19

Park Soo-hong's Older Brother Receives 7-Year Sentence in Appeal... Verdict on December 19

Both the prosecution and Park's older brother and his wife appealed the first trial ruling, which has continued until now
It seems that Park Soo-hong's older brother and his wife, who are accused of embezzling Park Soo-hong's earnings, will not be able to avoid a prison sentence. On November 12, the 7th Criminal Division of the Seoul High Court held a sentencing hearing for Park Soo-hong's older brother Mr.
| Seongchan Eol
Chen Baek Xi Expresses Intent for EXO Full Group Activities... SM Says Agreement Conditions Must Be Met First

Chen Baek Xi Expresses Intent for EXO Full Group Activities... SM Says Agreement Conditions Must Be Met First

Differences in Position Persist Regarding Full Group Activities Amid Contract Dispute with SM
EXO members Chen, Baekhyun, and Xiumin (hereafter referred to as Chen Baek Xi), who are in a contract dispute with SM Entertainment, have expressed their intention to return to team activities, but SM has drawn the line citing the failure to meet the conditions for resolving the dispute.
| 김지민
Hwang Jung-eum Receives 3-Year Sentence in Court for Embezzlement Charges

Hwang Jung-eum Receives 3-Year Sentence in Court for Embezzlement Charges

Hwang Jung-eum's side submitted repayment documents and stated, "Although it was company funds, it seems I made an immature judgment as it was profit earned from my activities" in defense.
Hwang Jung-eum has received a 3-year sentence in court. Actress Hwang Jung-eum is currently undergoing a sentencing trial at the Jeju District Court for violating the Act on the Aggravated Punishment of Specific Economic Crimes . Hwang Jung-eum is accused of embezzling a total of 4.
| Seongchan Eol