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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FORD ISSUES RECALL FOR F-150 TRUCKS DUE TO DEFECTIVE REAR AXLE HUB BOLT. (PHOTO).

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 Ford issues recall for F-150 trucks due to defective rear axle hub bolt


Ford Motor Company is recalling approximately 103,000 F-150 pickups over concerns that weakened rear axle hubs could cause the trucks to roll away while parked or lead to a loss of drive power, increasing the risk of a crash.

Owners of affected 2023-2025 F-150 models were notified of the recall on Aug. 22. The National Highway Traffic Safety Administration (NHTSA) stated that “the rear axle hub bolt may fatigue and break, which can result in damage to the axle hub splines.” Ford said it is not aware of any accidents or injuries linked to the issue.

In a letter to owners, the company advised, “If you hear a clicking or rattling noise originating from the rear wheel center cap, please contact your dealer as soon as possible to schedule an inspection to determine if a repair is needed.” Dealers will replace both left and right rear axle shaft assemblies at no cost. The repair typically takes less than half a day, though scheduling and service demands may require additional time.

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