A former manager of B2M Entertainment is being sued for allegedly embezzling funds from agency artists.
On November 10, it was revealed that B2M filed a lawsuit for embezzlement of funds against a Mr. Jeon at the Seoul Central District Prosecutors Office. According to reports, Mr. Jeon was employed as a general manager at the agency two years ago in 2013.
As a manager signed to K Star Net, Mr. Jeon was to share the proceeds from a photo shoot featuring Heo Young Saeng. However, Jeon allegedly kept the funds to himself, which he delivered to his own personal account and spent. He's said to have embezzled about 85,340,000 Won (~$73,470 USD) from agency artists on 8 different occasions.
A rep from B2M commented, "It's true that we're suing Mr. Jeon for embezzlement. We've found out that Mr. Jeon had embezzled funds from agency artists and have started a lawsuit. It's already gone over to the prosecution."
Heo Young Saeng is now an artist under CI Entertainment. B2M currently houses Kim Kyu Jong, SPICA, Eric Nam, SG Wannabe, and Nicole.
On November 10, it was revealed that B2M filed a lawsuit for embezzlement of funds against a Mr. Jeon at the Seoul Central District Prosecutors Office. According to reports, Mr. Jeon was employed as a general manager at the agency two years ago in 2013.
As a manager signed to K Star Net, Mr. Jeon was to share the proceeds from a photo shoot featuring Heo Young Saeng. However, Jeon allegedly kept the funds to himself, which he delivered to his own personal account and spent. He's said to have embezzled about 85,340,000 Won (~$73,470 USD) from agency artists on 8 different occasions.
A rep from B2M commented, "It's true that we're suing Mr. Jeon for embezzlement. We've found out that Mr. Jeon had embezzled funds from agency artists and have started a lawsuit. It's already gone over to the prosecution."
Heo Young Saeng is now an artist under CI Entertainment. B2M currently houses Kim Kyu Jong, SPICA, Eric Nam, SG Wannabe, and Nicole.
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