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...

AMERICAN MAN FOUND INNOCENT AFTER SPENDING 28 YEARS IN PRISON FOR RAPE. (PHOTO).


American Man Found Innocent After Spending 28 Years In Prison For Rape

A 46-year-old American, Gerardo Cabanillas, who spent nearly 30 years in prison for kidnap, robbery and rape since 1995, has been declared innocent and freed, prosecutors have announced. 

He was convicted in 1996 and spent 28 years in prison after he confessed to being one of two armed men who approached a couple, forced the man out, and drove the woman to an abandoned house where both raped her.

Newsmen gathered that his case was reexamined by the Conviction Integrity Unit of the District Attorney's office, after which a judge reversed his conviction, found him factually innocent and ordered his permanent release.

DNA testing on the rape kit, which the Innocence Project asked to be tested in 2019, showed that two other people committed the assault.

Also, victims of the attacks, who identified Cabanillas from photo lineups, later expressed doubts in court and said they were pressured into identifying him.

"Cabanillas, who was 18 years old at the time, was arrested a few days after the incident because he generally matched the description of the suspects," the District Attorney, George Gascon said. 

The DA said despite there being no physical evidence connecting Cabanillas to the crime, he was charged with 14 felony counts and would have spent the rest of his life in prison if not for the DNA evidence.

"He always maintained that on the date of his arrest, he was coerced by the investigating detective into giving a false confession with a promise that he would be released on probation.

"After a thorough review of all the evidence, including expert analysis of the purported confession and an interview with the sexual assault victim, we lost confident in the conviction in this case," Gascon said.

"I extend my deepest apologies to Mr. Cabanillas for the miscarriage of justice and the failure of our criminal legal system," the DA said after he was exonerated.

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