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Yahoo
3 days 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.
Yahoo
4 days ago
- Entertainment
- Yahoo
Smokey Robinson Countersues Sexual Assault Accusers for Defamation, Elder Abuse
The post Smokey Robinson Countersues Sexual Assault Accusers for Defamation, Elder Abuse appeared first on Consequence. Smokey Robinson has filed a $500 million countersuit alleging defamation and elder abuse against four former employees who sued him for sexual assault earlier this month. In the cross-complaint, Robinson alleges the women 'fabricated' their claims in an attempt to extort money from him and his wife. As reported by Rolling Stone, Robinson's complaint accuses the four former housekeepers of conspiring with their attorney to make 'slanderous statements' against him and his wife during a press conference on May 6th. According to the filing, the 85-year-old singer and his wife treated the women as 'extended family' during their employment, providing gifts that included money for dental work, clothing, vacations, concert tickets, and even a car. 'The depths of plaintiffs' avarice and greed knows no bounds,' the countersuit reads. 'During the very time that the Robinsons were being extraordinarily generous with plaintiffs, plaintiffs were concocting an extortionate plan to take everything from the Robinsons (everything over and above what they were freely given) and wrongfully destroy the Robinsons' well-built reputations.' In a related motion, Robinson and his wife have asked the court to require the women to refile their initial complaint under their legal names, arguing that 'the allegations in the complaint are so far removed from the truth that the Robinsons cannot identify which Doe is whom.' California civil actions allow for the use of pseudonyms if parties can demonstrate that using their real names could cause specific harm. The original lawsuit filed by the four Jane Does accused Robinson of repeated sexual assault occurring between 2007 and 2024. Robinson's wife was also named as a defendant in that suit for allegedly failing to prevent his actions despite 'having full knowledge of his prior acts of sexual misconduct.' According to the women's complaint, each plaintiff was afraid to report Robinson to authorities due to fear of losing their jobs and potential reprisal against themselves and their families. They are seeking damages of no less than $50 million for claims including sexual assault, sexual battery, false imprisonment, and gender violence. 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 The 30 Best Action Movie Stars of All Time, Ranked Freddie Mercury's Alleged Child Revealed in New Biography Is The Who's Farewell Tour in Turmoil? Zach Braff to Return for Scrubs Reboot 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.
Yahoo
4 days ago
- General
- Yahoo
Andrew and Tristan Tate Face 21 Counts Rape, Sex Trafficking in the UK
The post Andrew and Tristan Tate Face 21 Counts Rape, Sex Trafficking in the UK appeared first on Consequence. Andrew Tate and his brother Tristan are facing 21 counts of rape, human trafficking, and assault in the United Kingdom, according to the New York Times. The UK government intends to extradite the brothers after the conclusion of separate criminal proceedings in Romania, where they currently reside. The alt-right social media influencers and podcasters were born in the United States and hold dual American and British citizenship. Andrew faces 10 charges involving three alleged victims, while Tristian faces 11 charges connect to one alleged victim. Both brothers have denied the accusations against them. 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 The 30 Best Action Movie Stars of All Time, Ranked Freddie Mercury's Alleged Child Revealed in New Biography Is The Who's Farewell Tour in Turmoil? Zach Braff to Return for Scrubs Reboot 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.
Yahoo
4 days ago
- Entertainment
- Yahoo
Keanu Reeves Is Aziz Ansari's 'Budget Guardian Angel' in Good Fortune Trailer
The post Keanu Reeves Is Aziz Ansari's 'Budget Guardian Angel' in Good Fortune Trailer appeared first on Consequence. In the new trailer for Aziz Ansari's feature directorial debut, Good Fortune, a well-intentioned angel named Gabriel (played by Keanu Reeves) expresses a desire to take on 'more meaningful duties' to his superior, Martha (Sandra Oh), with the hope of changing people's lives. However, when Gabriel is tasked with finding a 'lost soul,' he inadvertently manages to prove why he wasn't given more significant responsibilities in the first place. Even Arch (Ansari), a broke gig worker, quickly sniffs out that Gabriel is a 'budget guardian angel.' His subsequent attempt to teach Arch that money doesn't fix everything by orchestrating a body swap with Arch's wealthy boss Jeff (Seth Rogen) completely backfires, resulting in Gabriel losing his wings and getting demoted to Earth duty. Watch the trailer below. Good Fortune also stars Keke Palmer and is set to open in US theaters on October 17th. 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 The 30 Best Action Movie Stars of All Time, Ranked Freddie Mercury's Alleged Child Revealed in New Biography Is The Who's Farewell Tour in Turmoil? Zach Braff to Return for Scrubs Reboot 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.