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

No. These CEO’s never do.

That's just wishful thinking.

Soo Man Lee selfmate paved the way

I elect Min HeeJeans for HYBE CEO!!

yaaasss b*tch bango in jail soon !

for how long i dont know tho , but at last, i hope hybe is destroyed to the ground, vanished into inexistence, anhihilated from the face of this earth

hope so but my gut says no

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.....

No. Evil people like him never face consequences.

If they can actually file charges against him, big chance he will go to jail.

But of the many investigations against Hybe/BSH and none have actually stick yet.

Quote from Yama-Chan

...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.

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

Quote from patrik-k

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

indeed, it's not embezzlement, it's fraud.

it would be funny if he goes on Interpol list like LSM.

Quote from harambelives

it would be funny if he goes on Interpol list like LSM.

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

No.

If it comes to that, he will escape Korea to non-extraditionary nations.

Then WhyKnock ' s dream will be somewhat achieved, a major Kpop figure would have quit K-O-R-E-A

I hope so, but unlikely.

I wonder how this will play out since BSH is still in the USA. And WHY is he still there? There's so many things going on with his company, and I haven't heard from him. It feels like someone is advising him to lay low in LA until this passes.

To be rich

Quote from bbgc

No.

If it comes to that, he will escape Korea to non-extraditionary nations.

Then WhyKnock ' s dream will be somewhat achieved, a major Kpop figure would have quit K-O-R-E-A

Actually Lee Sooman did that when he was in some kind of trouble. making Kim Kyungwook, a minion , to run SM for a while.

Bang is too big to be arrested.

Quote from WhyKnock

Actually Lee Sooman did that when he was in some kind of trouble. making Kim Kyungwook, a minion , to run SM for a while.

Bang is too big to be arrested.

He has bribed too many politicians and prosecutors to be arrested.

It depends on how the law is interpreted and whether the government wants to pursue this.

If we are being generous, BSH has done nothing wrong since there is no law mandating that a shareholder's agreement be revealed to fellow shareholders. It is also revealed which PEFs decided to lock up or not lock up their shares. Therefore, the public knows how much stock can be potentially be dumped/locked/traded by these PEFs at IPO.

If we aren't being generous, the majority shareholders unloaded on retail. Regular investors were hurt and the deal between BSH and PEFs was one of the main reason. The big boys slaughtered the small time retail investors, and it was all planned beforehand. This should have been all revealed for transparency sake, so other investors could make an informed decision.

sure, along all those other ceos that went to jail for their crimes

Quote from Chemotter

It depends on how the law is interpreted and whether the government wants to pursue this.

If we are being generous, BSH has done nothing wrong since there is no law mandating that a shareholder's agreement be revealed to fellow shareholders. It is also revealed which PEFs decided to lock up or not lock up their shares. Therefore, the public knows how much stock can be potentially be dumped/locked/traded by these PEFs at IPO.

If we aren't being generous, the majority shareholders unloaded on retail. Regular investors were hurt and the deal between BSH and PEFs was one of the main reason. The big boys slaughtered the small time retail investors, and it was all planned beforehand. This should have been all revealed for transparency sake, so other investors could make an informed decision.

He violated the Capital Markets Act. They purposely misled investors by saying the company was struggling and had no plans of going public and then recommended they sell their shares to 3 private equity funds...all of which had connections with senior HYBE officials. Less than a year after the funds acquired the shares, HYBE announced that they were going public.

The Bang PD simping on reddit is so cringe

Obviously no, he can get away with anything. That’s the sad truth.

Quote from Yama-Chan

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

WOAH WOAH!!!

hold on there cowboy - I've never spent a single day in jail in my life!!!

Quote from autumnleaf_soshi

I elect Min HeeJeans for HYBE CEO!!

but but NJ already cancelled their contract

Quote from selfmate

but but NJ already cancelled their contract

Then Sign them up again, but this time as official HYBE group not sub label group like Ador

in the end that man is utterly irrelevent without bts and hybe money. scooter and others only ever care for his dollars. so just strip him of that and send him into a self inflicted exile and kpop will be free again from this demon .

거래소 '심사 구멍' 인정…하이브 제재는 않기로

한국거래소가 하이브 상장 과정에서 주주 간 계약을 보고하지 않은 것과 관련해 내부적으로 상장 심사에 ‘구멍’이 있었다고 판단하고, 심사 서류를 강화하는 방향으로 제도를 보완하기로 했다. 하이브에 별도 제재는 취하지

n.news.naver.com

Aoparently the authorities have declined to pursue?

Under the reasoning that the authorities should have caught it before it happened but since they didn't they can't do anything? The hell?

Quote from autumnleaf_soshi

Then Sign them up again, but this time as official HYBE group not sub label group like Ador

what are you talking about?

NJ are obviously coming to A20!!!

Mate, Trump was elected twice, even tho he's a CRIMINAL! Bang daddy will survive too. I wouldn't be surprised if he wants to be a president too.😅

Hi,

He should if found he committed a crime, but he might not. BSH has enablers.

Likelier scenario? He gets a fine, and someone takes the fall for him.

-knysom

Quote from 0ppar

indeed, it's not embezzlement, it's fraud.

It's not "fraud" either, but maybe missleading and lack of information. The whole point of IPO is to give the owners a chance to sell and "off load" their shares and the what they did. It's pretty common for shares to go down after the IPO.

And all this is pretty stupid, because the IPO price was 135,000 KRW in okt 2020, debuted at 270 000 KRW it went down to around a lowest price of 140 000 KRW two week later, so even if you bought at the IPO price you still have made a profit. If you bought it at the highest price the first to week, yes you made a lost if you sold them. But in june 2021 it was back up to 270 000 KRW again.

When you accuse people of serious crimes you at least should be a bit careful.

Quote from patrik-k

It's not "fraud" either, but maybe missleading and lack of information. The whole point of IPO is to give the owners a chance to sell and "off load" their shares and the what they did. It's pretty common for shares to go down after the IPO.

And all this is pretty stupid, because the IPO price was 135,000 KRW in okt 2020, debuted at 270 000 KRW it went down to around a lowest price of 140 000 KRW two week later, so even if you bought at the IPO price you still have made a profit. If you bought it at the highest price the first to week, yes you made a lost if you sold them. But in june 2021 it was back up to 270 000 KRW again.

When you accuse people of serious crimes you at least should be a bit careful.

That's not the issue. The issue was HYBE repeated telling the original investors that HYBE had no plans on going public and that the company was struggling. HYBE then suggested that they offload their shares to 3 private equity firms (which, unknown at the time, were linked to several senior HYBE executives, including BSH himself). Less than a year after the shares were sold, HYBE announced they were proceeding with an IPO.