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HYBE, Home of BTS, Raided in Insider Trading Investigation
HYBE, Home of BTS, Raided in Insider Trading Investigation

Yahoo

time3 hours ago

  • Business
  • Yahoo

HYBE, Home of BTS, Raided in Insider Trading Investigation

The post HYBE, Home of BTS, Raided in Insider Trading Investigation appeared first on Consequence. HYBE, the management company behind BTS and other major K-pop acts, has been raided by prosecutors as part of an insider trading investigation. According to The Korea Times, the Seoul Southern District Prosecutors' Office recently searched the company's headquarters in central Seoul over allegations of an executive using insider information to gain profits of $176,500 (240 million won). This executive is being investigated after he allegedly purchased shares of fellow K-pop agency YG Entertainment's subsidiary YG Plus after learning of HYBE's investment plans in the company. In January 2021, HYBE and its technology subsidiary, Weverse Company, acquired 17.89% of YG Plus in a merchandising and distribution deal. Separately, Bang Si-hyuk, the founder and chairman of HYBE, is under investigation over allegedly defrauding investors ahead of the company's initial public offering in 2020 and pocketing $289 million (400 billion won). In addition to BTS, HYBE is home to TXT, Seventeen, LE SSERAFIM, and other K-pop stars. Popular Posts Billy Joel Diagnosed with Brain Disorder, Cancels All Upcoming Tour Dates Man Wearing Nazi T-Shirt Gets a Beatdown from Fans at Punk Rock Bowling Fest Freddie Mercury's Alleged Child Revealed in New Biography David Lynch's Personal Archive Going Up for Auction The 30 Best Action Movie Stars of All Time, Ranked Is The Who's Farewell Tour in Turmoil? Subscribe to Consequence's email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.

Dr. Sanjay Gupta demonstrates shunt procedure that might treat Billy Joel's neurological disorder
Dr. Sanjay Gupta demonstrates shunt procedure that might treat Billy Joel's neurological disorder

CNN

time16 hours ago

  • Entertainment
  • CNN

Dr. Sanjay Gupta demonstrates shunt procedure that might treat Billy Joel's neurological disorder

Dr. Sanjay Gupta demonstrates shunt procedure that might treat Billy Joel's neurological disorder Singer-songwriter Billy Joel was diagnosed with normal pressure hydrocephalus (NPH), a rare disorder that affects the brain. CNN's Dr. Sanjay Gupta answers a viewer's question about treatment options that can help return cognition and mobility. 02:06 - Source: CNN Vertical Trending Now 16 videos Dr. Sanjay Gupta demonstrates shunt procedure that might treat Billy Joel's neurological disorder Singer-songwriter Billy Joel was diagnosed with normal pressure hydrocephalus (NPH), a rare disorder that affects the brain. CNN's Dr. Sanjay Gupta answers a viewer's question about treatment options that can help return cognition and mobility. 02:06 - Source: CNN Should Sean 'Diddy' Combs testify? CNN's Laura Coates speaks with Benjamin Chew, co-lead counsel for Johnny Depp in his defamation trial, about whether Sean "Diddy" Combs should testify in his high stakes criminal trial. 01:55 - Source: CNN SpaceX Starship outperforms previous missions this year Regrouping after two consecutive explosions, SpaceX launched the 9th test flight of Starship, the most powerful rocket ever built. The mission marks the first time the company reused a Super Heavy booster from a previous flight. 01:55 - Source: CNN Two birds found onboard Delta flight A flight from Minneapolis to Madison, Wisconsin, was delayed for about an hour after two birds tried to stow away on a Delta Air Lines flight. 00:44 - Source: CNN Trump pardons reality TV couple Todd and Julie Chrisley President Donald Trump has signed full pardons for imprisoned reality show couple Todd and Julie Chrisley, who were sentenced to lengthy prison terms in 2022 for a conspiracy to defraud banks out of more than $30 million, according to a White House official. CNN's Kaitlan Collins reports. 01:07 - Source: CNN Former 'Diddy' employee describes alleged abuse Former employee for Sean 'Diddy' Combs, Capricorn Clark, took the stand to testify in the federal trial against her long-time boss, seemingly corroborating accounts from witnesses Cassie Ventura and rapper Kid Cudi. Capricorn alleges Combs made threats and carried out acts of violence against her, including forced lie-detector tests Capricorn claims to have been administered by Combs' security guard while she was held. 02:37 - Source: CNN All-American Rejects singer talks house party tour The All-American Rejects lead singer Tyson Ritter joined CNN News Central to talk about his band's house party tour that started as a protest against pricey arena shows. 01:34 - Source: CNN 'Duck Dynasty' star dies at 79 Phil Robertson, patriarch of the reality show 'Duck Dynasty,' has died at 79, according to a family statement. Robertson founded Duck Commander, a business making duck hunting supplies, which later became the center of A&E's hit show. 01:06 - Source: CNN Truck explodes after possible propane leak A home security camera caught the moment when a box truck driving through a residential neighborhood exploded in Addison, Illinois. The driver walked away with only minor injuries, CNN affiliate WLS reports. 00:36 - Source: CNN Teens help rescue family from garage fire CNN's Fredricka Whitfield speaks with Aiden Kane and Tyler Sojda, who helped rescue a family in Marcy, New York from a garage fire after spotting the flames while driving home from junior prom. 01:16 - Source: CNN Where Kermit the Frog's tea meme came from Kermit the Frog tells CNN's Sara Sidner his thoughts on being an infamous part of meme culture. 00:41 - Source: CNN Verdict reached in Paris robbery of Kim Kardashian After a weekslong trial, eight people behind the multimillion-dollar armed robbery of Kim Kardashian in Paris were found guilty. Most of them received prison sentences, portions of which were suspended, but all will walk free due to time already served. 00:43 - Source: CNN Anderson catches up with man sailing around the world Anderson Cooper speaks with Oliver Widger for an update on his viral adventures sailing across the world. Widger quit his job, liquidated his 401(k) and bought a sailboat to see the world with his rescue cat, Phoenix. 01:55 - Source: CNN See moment OceanGate team noticed something wrong Newly released video shows OceanGate founder and CEO Stockton Rush's wife, Wendy Rush, who was working on the communications and tracking team, notice the sound of a 'bang' while monitoring the submersible. The Titan submersible imploded on June 18, 2023, killing all five passengers on board. 00:49 - Source: CNN 'The Points Guy' on the best deals for summer travel Brian Kelly, founder of breaks down the best deals for summer travel and how to make the most of your frequent flyer miles. 01:00 - Source: CNN

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