SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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COURT SENDS TWO INTERNET FRAUDSTERS TO JAIL IN BENIN CITY. (PHOTOS).#PRESS RELEASE

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Court Sends Two Internet Fraudsters to Jail in Benin City

Justice M. Itsueli of Edo State High Court sitting in Benin City, Edo State on Thursday, July 27, 2023, convicted and sentenced Kelvin Ifeanyi Aneke and Leonard Emmanuel Osaretin to prison for fraud.
They were arraigned on separate one count charges of unlawful possession of fraudulent documents by the Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC.
They were arrested based on intelligence received regarding their nefarious activities. During investigations, Aneke, 23, was discovered to have impersonated Calvin Hills, an American national, to defraud unsuspecting victims. On his part, Osaretin 25, is into romance scam as he created a fictitious female Instagram account with the name anaroberts 2221 to defraud unsuspecting victims. 
Upon arraignment, the defendants pleaded guilty to their respective charges, prompting the prosecution counsel, K.Y Bello to ask the court to convict and sentence them accordingly. However, counsel to the defendants pleaded with the court to temper justice with mercy as the defendants were first time offenders.
Justice Itsueli convicted and sentenced the duo to three years imprisonment with an option of Two Hundred Thousand Naira fine. In addition, they are to forfeit their phones and balance in their bank accounts, being proceeds of crime, to the Federal Government of Nigeria.
More photos below. 


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