Rumor Yang Hyun Suk allegedly embezzled money from YG artists concerts for his gambling + Yang Min suk to be investigated (5 Viewers)

[potato]

Yang Hyun Suk allegedly embezzled money from YG artists concerts for his gambling + Yang Min suk to be investigated

Police believe Yang Hyun Suk embezzled artist profits for his gambling in Las Vegas.

According to a report by Channel A on the 10th, police are tracing the source of funds that Yang Hyun Suk used for his gambling. Police believe that he gambled using proceeds from YG Entertainment artists' overseas performances.

Police are currently analyzing the data received from the Nevada Casino Administration after requests made through the FBI. They're looking into how many times he gambled, how much, and whether he won or lost so that they can determine the source of the funds used as well as the alleged illegal foreign exchange ['hwanchigi'] activities.
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Alleged 'hwanchigi' activities by Yang Hyun Suk

A source from the police spoke to Channel A and revealed, "we're investigating a possible blink between Yang Hyun Suk's gambling money and YG artist profits from concerts in the U.S. We're also investigating possible use of company funds for the alleged gambling."

Police are also investigating YG's dongsaeng [younger brother] and former YG CEO Yang Min Suk.​

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Source: allkpop​

 

[potato]

If this is true, I feel so sorry for YG artists who have been robbed of their hard earned money. None of them deserve this.

 

[HopeOnTheStreet]

It's time for oppa YHS to spend some time in jail if this is true.

 

[Marianthi]

Well.... I honestly don't even wanna know what else will be revealed about YG and YGE in general. This is getting nastier and nastier as they dig deeper

 

[Abeamus]

All those fans who went to see their faves thinking they're lining their faves pockets when they were actually supporting Yangs gambling addiction

 

[Myco]

If this is true, I feel so sorry for YG artists who have been robbed of their hard earned money. None of them deserve this.

he probably also used all the money that was supposed to go into MixNine for his gambling, might be a reason why he suddenly switched the contract length to 5 years, so itd be impossible for the companies to agree to that

 

[Darkyoda47]

he probably also used all the money that was supposed to go into MixNine for his gambling, might be a reason why he suddenly switched the contract length to 5 years, so itd be impossible for the companies to agree to that

Nah he probably expected the show itself to generate enough profit to fund the group. However, 0% ratings ain't gonna fund nothing so, instead, he was probably advised to go for a long-term investment instead of short-term, which wouldn't be absolutely ridiculous if the participants weren't literally from other companies/groups.

 

[Darkyoda47]

YG and YGE are the gift that keeps on giving when it comes to movie-like scandals. What an absolutely appalling man and company. The worst part is, it's highly unlikely that he's the ONLY one doing shit like this with the money generated from his artists. I'm almost 100% sure, a handful of other entertainment companies completely misuse the money earned by their big acts. "Tragic" is the only word that comes to mind.

 

[Myco]

Nah he probably expected the show itself to generate enough profit to fund the group. However, 0% ratings ain't gonna fund nothing so, instead, he was probably advised to go for a long-term investment instead of short-term, which wouldn't be absolutely ridiculous if the participants weren't literally from other companies/groups.

that's possible as well, might be one of the reason as well, who says it can only be one thing that lead to it

but I saw this tweet a few days ago which reported that he went to Las Vegas to celebrate "MIXNINE" whatever that means


"Yang Hyun Suk is rumored to have gone on his Las Vegas trip in February 2018 to celebrate the conclusion of his audition survival program MIXNINE. PD Han Dong Chul and other staff members who worked on the show also made the trip."

 

[Darkyoda47]

that's possible as well, might be one of the reason as well, who says it can only be one thing that lead to it

but I saw this tweet a few days ago which reported that he went to Las Vegas to celebrate "MIXNINE" whatever that means


"Yang Hyun Suk is rumored to have gone on his Las Vegas trip in February 2018 to celebrate the conclusion of his audition survival program MIXNINE. PD Han Dong Chul and other staff members who worked on the show also made the trip."

If this is true, then all I can say is, he's an incompetent idiot.

 

[potato]

that's possible as well, might be one of the reason as well, who says it can only be one thing that lead to it

but I saw this tweet a few days ago which reported that he went to Las Vegas to celebrate "MIXNINE" whatever that means


"Yang Hyun Suk is rumored to have gone on his Las Vegas trip in February 2018 to celebrate the conclusion of his audition survival program MIXNINE. PD Han Dong Chul and other staff members who worked on the show also made the trip."

I can't really explain what I'm feeling right now. Everything is just so twisted and messed up...

 

[Myco]

If this is true, then all I can say is, he's an incompetent idiot.

I can't really explain what I'm feeling right now. Everything is just so twisted and messed up...

Yeah, those 1 million couldve easily went into MixNine, but it's good that it got cancelled by now tbh, I wouldn't have wanted the guys to be under YG under those circumstances that came and are coming to light

 

[VillageIdiot]

His artists are overworking themselves on tour just for this shit?!

 

[potato]

His artists are overworking themselves on tour just for this shit?!

They're getting overworked and I'm so worried for their mental health. I can't even imagine what they're feeling right now, the trainees as well. The feeling that everything that they've worked so hard for might go to waste... the feeling that everything they've worked so hard for might have already gone to waste because of YG's gambling. :(

 

[DrowningFishy]

SO basically YG had people come back when he needed that money for gambling? So it does explain why we where suddenly were getting comebacks. New activity more concerts.

 

[arieam]

i don't even know what to say wow. didn't the company choose to keep him at first? seems like everyone at the top is as corrupt as he is. the entire company should be investigated.

 

[lexus]

I’m not even surprised that this has gotten even more fucked up. I wonder how much jail time he’d get for the crimes he’s committed. Unless if he’s rich enough to get a slap on the wrist....

 

[lexus]

To add to this, I feel so bad for his artists. They work their asses off just for his own benefit. Smh

 

[Anakin]

This is not surprising at all it’s YG

 

[PWSwan]

Psy and Tablo need to team up and ask for an audit, then release the results publicly. I suggest them because:

1. They're out of YG, so they have no contractual reasons to stay quiet;
2. They can probably afford external auditors;
3. Psy is one of the most powerful people in SK's entertainment industry, so if he's been ripped off, it'll emphasize the depth of the scandal.