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BLACKPINK Lisa Former Manager Swindled 1 Billion Won from Her Since Debut

BLACKPINK UPDATE June 2, 2020 126 0

BLACKPINK UPDATE – June 2, 2020 KST

BLACKPINK Lisa’s former manager swindled 1 billion won from her since her debut. He told her he would use it to help her with real estate investment but he gambled it all away instead.

YG Entertainment confirms BLACKPINK Lisa was swindled 1 billion KRW by her former manager. Lisa wishes for a smooth settlement. The manager has reimbursed some of the money and created a repayment plan.

YG Entertainment also confirms the Manager in question is no longer employed by them

1. BLACKPINK Lisa’s Former Manager Swindled 1 Billion won from Her Since Her Debut

According to an exclusive report from Market News, Lisa’s former manager “A” has been with her since her debut with BLACKPINK in 2016. Lisa has put her trust into “A” and relied on him since she was a rookie. “A” also had a strong sense of trust within YG Entertainment and the other BLACKPINK members. People around him say they had no idea he was doing something like this.

“A” took advantage of this trust and friendship and told Lisa he would use her money to help her find some real estate to invest in. In reality, he took the money and wasted it all on gambling, and Lisa was a victim of fraud by a man she put all her trust in. Market News stated it would not be easy for Lisa to let the public know about this, as her image and team activities may be affected by the news. One official said that since she is a foreigner, she was very vulnerable in a foreign country.

” Lisa is a foreign member of BLACKPINK, and she has been alone in Korea since she was young, so she can be very vulnerable to these kinds of things, such as economic ideals. It is very unfortunate that things like this are happening in the industry. It is a serious matter that can damage the image of [proper] Korean management.” — Official

2. YG Entertainment Confirmed and Released Statement About Lisa Being Scammed by Her Manager

YG Entertainment has released their statement regarding BLACKPINK Lisa‘s former manager who scammed her out of ₩1 billion KRW ($817,661 USD).

In YG Entertainment’s statement, they confirmed Lisa was a victim of the scam, and how Lisa will be getting her money back.

” We found out through an internal investigation that Lisa was a victim of fraud by her former manager “A”.

According to Lisa’s wishes of an amicable settlement, as he was a former manager she trusted, “A” has agreed to reimburse some of the money he stole, and the rest of the money will be paid back through a repayment plan, and he has left the company.

We apologize for causing concern to fans who love Lisa. We are very embarrassed by “A’s” behavior of taking advantage of his trust with the artist, and we feel responsible for the management and supervision [of our staff]. We are working on measures to prevent such an unfortunate event from happening again.” — YG Entertainment

YG Entertainment also confirms the Manager in question is no longer employed by them