HYBE’s Ex-CIO EXPOSED! $250 Million SCANDAL & Fleeing to US?!

Did you know that a staggering 360 billion KRW (that's over $250 million USD!) might have been illegally pocketed from HYBE's public listing, potentially at the expense of early shareholders? This shocking saga centers around former HYBE Chief Investment Officer Kim Joong Dong, who's now reportedly in the United States, seemingly evading a police investigation into alleged fraudulent stock profits. Authorities have struggled to question Kim since he departed around June, raising serious questions about his involvement and intentions. The core of the scandal revolves around accusations that Kim, along with Chairman Bang Si Hyuk and others, coerced early Big Hit Entertainment shareholders into selling their stakes by falsely claiming there were no plans to go public. These valuable shares were then allegedly funnelled into private equity funds, only to be resold for an astounding profit once HYBE went public in 2020. Reports suggest Kim Joong Dong himself pocketed around 100 billion KRW, while Bang Si Hyuk reportedly secured 190 billion KRW from this alleged scheme. The Seoul Metropolitan Police's Financial Crime Investigation Unit is actively pursuing this high-stakes case, with Bang Si Hyuk and four other suspects still under investigation in South Korea. However, summoning Kim Joong Dong, a US citizen, for questioning presents a significant challenge for the authorities. This unfolding corporate drama could profoundly impact HYBE's image, leaving fans wondering about the true implications for the K-pop giant. This story is far from over, so make sure you hit that subscribe button for all the latest updates on this dramatic HYBE scandal!

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