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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PROSECUTORS PUSH FOR LENGTHY PRISON SENTENCE FOR SEAN 'DIDDY' COMBS AND OPPOSE RELEASE ON BAIL. (PHOTO).

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 Prosecutors push for lengthy prison sentence for Sean 'Diddy' Combs and oppose release on bail

Prosecutors now believe Sean "Diddy" Combs could face a much longer prison sentence than the four to five years they initially expected following his conviction on two prostitution-related charges. In a filing submitted Thursday in Manhattan federal court, prosecutors also opposed Combs’ recent request for release on $50 million bail as he awaits sentencing scheduled for October 3.

Combs, 55, was acquitted in July of racketeering conspiracy and sex trafficking charges, which carried potential life sentences, but was found guilty of two counts related to transporting individuals for prostitution. These charges involve arranging for girlfriends and male sex workers to travel for sexual encounters that Combs recorded, with each charge carrying a maximum penalty of 10 years. While prosecutors initially thought sentencing guidelines would recommend a prison term of about four to five years, they now say the range is expected to be “substantially higher,” raising concerns he might flee.

Judge Arun Subramanian has discretion over Combs’ sentence and is not bound by the federal guidelines, which Combs’ attorneys argue would call for 21 to 27 months in prison if properly applied. Earlier this month, a judge denied Combs’ initial bail request, finding he had not shown by clear and convincing evidence that he posed no danger to the community. Defense lawyer Marc Agnifilo renewed the bail request this week, citing other cases with similar convictions where bail was granted and arguing Combs was being unfairly punished for a consensual “swingers” lifestyle involving marathon sex sessions with multiple partners.

Prosecutors countered that Combs must remain in custody before sentencing due to mandatory conditions tied to his convictions and disputed claims he poses no danger. They also highlighted Combs’ history of violence and argued he is not suitable for supervised release. Agnifilo responded that Combs “will not be violent to anyone” and emphasized the importance of his role as a father to seven children, including four who have lost one parent.

Prosecutors noted that while jail conditions had previously been criticized for lockdowns and inadequate medical care, improvements had been made before Combs’ arrest. They also argued the cases cited by the defense were not comparable to Combs’ due to the nature of his crimes and his violent past, maintaining that he fails to prove he is not a danger to the community.


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