1 week ago
Court Sentences Ringleader in Scheme Targeting BTS’s Jungkook
A group tried to take Jungkook’s company shares without asking him.
They used fake papers and account information to move the shares.
The shares were worth about 8.4 billion Korean won.
Some of them were sold to another person.
Jungkook and HYBE noticed the problem quickly.
They were able to get back most of the shares.
A court found the group’s leader guilty of fraud.
The 31-year-old leader was sent to prison.
A South Korean court convicted a 31-year-old ringleader over an attempted stock fraud targeting Jungkook.
The group sought to steal 33,500 HYBE shares valued at approximately 8.4 billion KRW.
In January 2024, forged documents and unauthorized account details were used to create fake securities accounts.
The shares were transferred without Jungkook’s knowledge, and some were sold to a third party.
HYBE and Jungkook detected the activity quickly, recovered most assets, and pursued legal action.
- Who
- A 31-year-old ringleader and a fraud group targeted BTS member Jungkook’s HYBE shares.
- What
- The group attempted to transfer and sell 33,500 shares worth approximately 8.4 billion KRW.
- Where
- South Korea.
- When
- The fraudulent activity occurred in January 2024; the court later issued a prison sentence.
- Why
- The group allegedly used forged documents and unauthorized account details to steal and sell the shares.
Key facts
- Target
- BTS member Jungkook
- Shares targeted
- 33,500 HYBE shares
- Estimated value
- Approximately 8.4 billion KRW
- Fraud method
- Forged documents and unauthorized account details
- Detection
- HYBE and Jungkook detected the transfers quickly
- Recovery
- Most of the assets were recovered
- Sentence
- The 31-year-old primary defendant received a prison sentence
Sources
Related news
Crypto CEO Faces US Extradition Over Alleged $20 Million Fraud
Happy Jungkook Day: BTS Star Rules Social Media Trends
Pune 'Reel Star' Influencer Arrested In Rs 10 Crore Fraud
Court denies Bengaluru hacker bail over Rs 288 crore trail
South Korean Court Jails Unification Church Leader Over Influence Case
Katseye Reportedly Set for Lollapalooza India 2027
HYBE India Expands Final Call Auditions Across Eight Cities
HYBE India Shortlist Signals Rigorous Path to Global Girl Group
HYBE Debuts TUIDE With Sun Kiss Amid Online Comparisons
