Do you think Bang Si-Hyuk is going to jail?

He's being formally investigated for financial fraud over 400 billion won acquired by way of very suspicious manipulation of private equity funds with his partners prior to HYBE's IPO

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Just to add some more context to this

LSM aka selfmate got 2 years in jail for embezzling around 2 billion won

BSH is on the hook right now for potentially pocketing 400 billion won after lying to shareholders about HYBE going public

Quote from ISaidISaid

No. These CEO’s never do.

LSM did

I'll just say that if he's found guilty of financial fraud at this scale, especially if said fraud was used to fund an IPO while also deceiving individual investors, that is a HUGE deal.

The only reason I'm not 100% confident is because it's Korea, and I don't know what their investor protector regulations and penalties look like.

In the U.S., he would be cooked alive for this. Martha Stewart did prison time just for insider trading, and this is MUCH worse.

Quote from patrik-k

It says nothing about any "embezzlement". Embezzlement is whey you steal from the company and this is about earing money from a IPO. And it's not illegal to earn money.....

...What? You do understand that when you operate as a publicly traded company, which HYBE did the moment they made their IPO, you have a fiduciary responsibility to all your shareholders. It is absolutely illegal to lie to your shareholders about your intent to go public, only to realize profits between you and your institutional partners, and going public right after

In other words, stealing money from investors is even WORSE than embezzlement, so I agree with you there.

You think the FSS is launching an investigation because doing that would be legal?

You think a company can tell individual investors they aren't going public, with the full intention to go public and then profit on that deception?

Yeah, I bet you wouldn't feel that way if it was YOUR opportunity costs soaring through the roof and your potential profits getting erased by a bunch of rich crooks

This is getting a lot of attention on every finance news outlet in Korea, even from media that has always been pro big business, because IF all this is true, it would be a huge crime.

Quote from patrik-k

It's still not "Embezzlement", so you should not use word and accusations that is not true.

Fair enough

Quote from 0ppar

sure, if he tries to flee to his mansion in LA.

I firmly believe his day of reckoning is coming