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...

CARDI B SECURES $1.2M REPAYMENT PLAN IN DEFAMATION CASE AGAINST TASHA K. (PHOTO)

 


Cardi B Secures $1.2M Repayment Plan in Defamation Case Against Tasha K


American rapper Cardi B, born Belcalis Almánzar, has secured a $1.2 million repayment plan from media personality Tasha K as part of her $4 million defamation judgment.


According to Rolling Stone, a judge finalized the agreement on February 24, requiring Tasha K to pay $1.2 million in monthly installments over five years. While this does not cover the full amount, Cardi B retains the right to pursue the remaining balance after five years.


As part of the settlement, Tasha K agreed to stop making defamatory statements about Cardi B and her family on any platform, including podcasts and social media. However, Cardi B is not restricted from commenting on Tasha K.


Background:

Cardi B won a $4 million defamation lawsuit against Tasha K in 2022, after the YouTuber falsely claimed the rapper had herpes, used cocaine, and worked as a prostitute.

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