General

CNBLUE's Yonghwa investigated for insider trading at FNC Entertainment

By elliefilet   Tuesday, June 28, 2016   207,197   14,057   278
CNBLUE,Yonghwa

2

0

SHARES
  1. Google+
CNBLUE's Yonghwa is reported to have been called in for questioning about FNC Entertainment's recent stock market manipulation scandal.

SEE ALSO: CNBLUE are the definition of fall classy for new 'The Class' collection



On June 28, the financial sector of Seoul's District Public Prosecutor's Office summoned Yonghwa for questioning concerning accusations of insider trading and an alleged profit of 200 million Won (~$175,000 USD) last July. The prosecutor's office revealed Yonghwa was being investigated for allegedly buying 21,000 shares of FNC Entertainment's stock through insider trading.

The CNBLUE leader is being accused of buying 400 million Won (~$342,564 USD) worth of stock and selling it for 600 million Won (~$513,846 USD) a week later. On July 16 of 2015, FNC Entertainment's stock rose from 20,800 Won (~$17.80 USD) a share to 27,000 Won (~$23.12 USD) a share following the signing of a popular celebrity, who's speculated to be Yoo Jae Suk.

It's being investigated when Yonghwa discovered the celebrity would be signing with the agency, and details of the stock deal are being thoroughly probed. 

Stay tuned for updates.

YOU MAY LIKE

GET AKP IN YOUR INBOX!

Tags:

  1. CNBLUE
  2. Yonghwa
  3. fnc entertainment


ajshawol1990 Sunday, July 3, 2016

What is happening to all K celebrities!! Well not all... but.... There are so many scandals this year I can't even!

 0
 0Reply Report Share

noble654321 Thursday, June 30, 2016

This scandal has nothing to do with cnblue, in reality they care little about money they even used their own money for building two school, it has to do with FNC management and their CEO who took cnblue money with their approval to buy stock and sell it and then pay them, they did not know this was illegal but this had their approval so they got blame.

 1
 0Reply Report Share

injungim Thursday, June 30, 2016

i feel bad for him. he should have keep his stocks for a little longer and sell it little by little as the time goes by so it didn't seem very suspicious :(

 0
 0Reply Report Share
Load More Comments

CONNECT WITH ALLKPOP

  1. Follow us on Instagram
  2. Subscribe on Youtube
  3. Follow us on Google+

BRAND PARTNERS

bap
bap
$45
hul
hul
$18
seoul
seoul
$18
kawaii
kawaii
$18

MORE STORIES