[DEBUNKED] Jessica filing for bankruptcy. Tyler Kwon her fiancé, has a warrant out for his arrest
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And why is it in anons? lmaooo since when is news anon? fglkjsdnfbhgdfh
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And why is it in anons? lmaooo since when is news anon? fglkjsdnfbhgdfh
Right?! This seems totally unsubstantiated, so were they just trying to start a rumor?
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Right?! This seems totally unsubstantiated, so were they just trying to start a rumor?
right??? Like are they scared people will actually do research?
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Where does it say Jessica is filing for bankruptcy? Am I missing it?
I thought it was a fake news but…
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I thought it was a fake news but…
External Content twitter.comContent embedded from external sources will not be displayed without your consent.Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.Wait, really?
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Wait, really?
Op on pann says she has an 8 billion won lawsuit dept she has to pay. Lots of people blame the boyfriend for it.
“Fraudulent gambling is not just a movie story. Amid the recent rise of problems in the entertainment industry due to violations of the Foreign Exchange Transactions Act, American and Korean businessman Tyler Kwon, who is known to be the fiancee of former Girls' Generation member Jessica, took a bankrupt check from Merrill Lynch, New York, USA, worth about 600 million won in Korean (~493K USD) money. He borrowed gambling money from Wynn Las Vegas, and the Nevada state requested the Las Vegas judicial authorities to issue a warrant.”
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Dang. Gambling is such a sad addiction.
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Op on pann says she has an 8 billion won lawsuit dept she has to pay. Lots of people blame the boyfriend for it.
“Fraudulent gambling is not just a movie story. Amid the recent rise of problems in the entertainment industry due to violations of the Foreign Exchange Transactions Act, American and Korean businessman Tyler Kwon, who is known to be the fiancee of former Girls' Generation member Jessica, took a bankrupt check from Merrill Lynch, New York, USA, worth about 600 million won in Korean (~493K USD) money. He borrowed gambling money from Wynn Las Vegas, and the Nevada state requested the Las Vegas judicial authorities to issue a warrant.”
But if the BF/fiance took it, why does it fall on her?
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Lee Soo Man is looking like a genius.
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But if the BF/fiance took it, why does it fall on her?
It has something to do with the lawsuit. Jessica brand got the lawsuit I think for unpaid dept she borrowed? Kwon was somehow part of it too but I don’t remember the details. I remember him claiming about the debt being a corporate one and not a personal but they charged her not the company? I’m not smart enough for these things so I skipped over the news. Lol
Here is the news I found;
Brand founded by Kpop star Jessica embroiled in US$6.8m lawsuitThe fashion brand founded by Kpop star Jessica Jung Soo-youn is embroiled in a lawsuit over a loan of US$6.5 million (HK$53.04 million).Jung, a former member…www.thestandard.com.hk -
It has something to do with the lawsuit. Jessica brand got the lawsuit I think for unpaid dept she borrowed? Kwon was somehow part of it too but I don’t remember the details. I remember him claiming about the debt being a corporate one and not a personal but they charged her not the company? I’m not smart enough for these things so I skipped over the news. Lol
Here is the news I found;
Oof, thanks for finding that. So I guess she is participating, even though I thought I saw someone say it was false. Corporate debts though never fell on individuals as far as I knew, but I'm no lawyer.
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Oof, thanks for finding that. So I guess she is participating, even though I thought I saw someone say it was false. Corporate debts though never fell on individuals as far as I knew, but I'm no lawyer.
That’s what I was thinking too. Plus it’s like… he is her CEO but also fiancée, she opened the company and he is an investor but he took a dept in the name of her company…..why would she get charged for that? That’s what I couldn’t understand and I just left it at this: the guy is a trash.
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I don’t know. I wouldn’t be strong enough to do it. To be able to stand in front of camera after knowing that the public knows all of this.
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Oof, thanks for finding that. So I guess she is participating, even though I thought I saw someone say it was false. Corporate debts though never fell on individuals as far as I knew, but I'm no lawyer.
That’s what I was thinking too. Plus it’s like… he is her CEO but also fiancée, she opened the company and he is an investor but he took a dept in the name of her company…..why would she get charged for that? That’s what I couldn’t understand and I just left it at this: the guy is a trash.
she is not being sued tyler is. It even clearly states it in the link you posted...
Therefore it sued the investor Tyler Y Kwon, who is also the Chairman and CEO of the brand company Coridel, to recover US$6.8 million of principal and interest.
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she is not being sued tyler is. It even clearly states it in the link you posted...
Therefore it sued the investor Tyler Y Kwon, who is also the Chairman and CEO of the brand company Coridel, to recover US$6.8 million of principal and interest.
Ok, see that's where the disconnect was for me. Why would SHE be filing for bankruptcy then? I mean unless she gave him money to pay off his own debt. And maybe she's doing the show to help him? I just feel like there is something I'm missing.
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damn
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she is not being sued tyler is. It even clearly states it in the link you posted...
Therefore it sued the investor Tyler Y Kwon, who is also the Chairman and CEO of the brand company Coridel, to recover US$6.8 million of principal and interest.
Thank you. Too many difficult word for my tired brain (it’s 3am) in that article. But why would she be the one who would need to pay the dept? Is it because they started the company together?
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I checked news papers but no fresh article about the lawsuit. The papers then said that the only option is to declare bankruptcy. I don’t know how companies do it but maybe since Kwon can’t pay the debt falls on her or her company? I don’t know how corporate debt works.
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Oof, thanks for finding that. So I guess she is participating, even though I thought I saw someone say it was false. Corporate debts though never fell on individuals as far as I knew, but I'm no lawyer.
maybe if Tyler is her financee then maybe (again just speculating) that she might have either co-signed for the loan for him or gone as guarantor??? obviously those things are contractual and we will probably never know...
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Thank you. Too many difficult word for my tired brain (it’s 3am) in that article. But why would she be the one who would need to pay the dept? Is it because they started the company together?
business is failing so the company is filing bankruptcy
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maybe if Tyler is her financee then maybe (again just speculating) that she might have either co-signed for the loan for him or gone as guarantor??? obviously those things are contractual and we will probably never know...
Yea, you technically don't even need to be related or connected in any way for that, so it's a distinct possibility
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Oof, thanks for finding that. So I guess she is participating, even though I thought I saw someone say it was false. Corporate debts though never fell on individuals as far as I knew, but I'm no lawyer.
Doesn't that depend on what type of organization the company is? Like if it's an LLC or a Corporation?
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I checked news papers but no fresh article about the lawsuit. The papers then said that the only option is to declare bankruptcy. I don’t know how companies do it but maybe since Kwon can’t pay the debt falls on her or her company? I don’t know how corporate debt works.
after reading further jessica doesnt actually own the company its under his name
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Yea, you technically don't even need to be related or connected in any way for that, so it's a distinct possibility
true but often than not unless a company or person has some established credit line or pretty well know (your fortune 500 companies and whatnot) a lender will usually require guarantees or co-sign or some other assurance for that smaller business/company
and I've heard stories (at least in Australia) where husbands (always the dudes) pressure the wife into signing their family home as collateral for business loans and such
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after reading further jessica doesnt actually own the company its under his name
The company website says she is the founder and creative director.
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The company website says she is the founder and creative director.
yea but she doesnt actually "own" the company
This project drew attention from the media when Jessica, a former member of Girls' Generation, appeared. However, Jessica wasn't the CEO of this business, she was just a well-known face-to-face.
In fact, if we check the registered copy of this company, the real buyer is Jessica's fiancee, Mr. Kwon, who established Blanc & Eclair through Coridel Capital Partners, and with the effect of featuring Jessica as the chief designer, about 600 from Hong Kong investors.
출처 : 환경경찰뉴스(http://www.epnnews.com) -
That’s what I was thinking too. Plus it’s like… he is her CEO but also fiancée, she opened the company and he is an investor but he took a dept in the name of her company…..why would she get charged for that? That’s what I couldn’t understand and I just left it at this: the guy is a trash.
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Doesn't that depend on what type of organization the company is? Like if it's an LLC or a Corporation?
I'm not a lawyer. I really don't know!
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yea but she doesnt actually "own" the company
This project drew attention from the media when Jessica, a former member of Girls' Generation, appeared. However, Jessica wasn't the CEO of this business, she was just a well-known face-to-face.
In fact, if we check the registered copy of this company, the real buyer is Jessica's fiancee, Mr. Kwon, who established Blanc & Eclair through Coridel Capital Partners, and with the effect of featuring Jessica as the chief designer, about 600 from Hong Kong investors.
출처 : 환경경찰뉴스(http://www.epnnews.com)Omg. That’s such a scam for people. Lol It’s literally says on sites that she is the founder and CEO. I mean sites like the Blanc&Eclair site, LinkedIn. Nice way to mislead people who interested in the name of her.
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"
Tyler Kwon also clarified, “This is not Jessica’s personal debt, but a loan made to the corporation [BLANC & ECLARE].” Referring to misleading reports that suggested the loan had been made to Jessica as an individual, he added, “Her character has been defamed.”
According to Tyler Kwon, BLANC & ECLARE initially borrowed $4 million from Spectra SPC, and Spectra SPC transferred that loan to Joy King Enterprises in August. Within one month of the transfer, Joy King Enterprises suddenly demanded that BLANC & ECLARE repay $6.5 million, a figure that includes interest on the loan, in just two weeks."
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Op on pann says she has an 8 billion won lawsuit dept she has to pay. Lots of people blame the boyfriend for it.
“Fraudulent gambling is not just a movie story. Amid the recent rise of problems in the entertainment industry due to violations of the Foreign Exchange Transactions Act, American and Korean businessman Tyler Kwon, who is known to be the fiancee of former Girls' Generation member Jessica, took a bankrupt check from Merrill Lynch, New York, USA, worth about 600 million won in Korean (~493K USD) money. He borrowed gambling money from Wynn Las Vegas, and the Nevada state requested the Las Vegas judicial authorities to issue a warrant.”
damn. i stayed at the Wynn once, great hotel. hope Sica gets this sorted out though
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