This K-Pop Idol Would possibly Face Up To ten Years In Criminal If Discovered  In charge Of Within Trading

This K-Pop Idol Would possibly Face Up To ten Years In Criminal If Discovered In charge Of Within Trading

Share on FacebookShare on TwitterAn FNC Entertainment artist could also be in hassle after it used to be suspected he will have dealings in an unlawful insider trading in regards to the agencys stocks remaining year.

While the artist accused of insider trading has been confirmed, it turned into hinted at by potential of the media, describing the individual to be the lead vocalist and leader of an idol group, and has also has been active in acting. This brought about many to agree with the suspect handy was CNBLUE member Yonghwa.

In July 2015, it was printed that the suspect A had bought 400 million won value of stocks just days prior to FNC Entertainment announced they had signed popular entertainer and MC, Yoo Jae Suk. This announcement caused the agencys stocks to bounce from 21,000 won to 27,000 won. A then sold the stocks netting around 2 hundred million won. This action has caused investigators to suspect A had won insider datarelating to Yoo Jae Suks contract.

If discovered guilty, A would possibly face a 10-year sentence or fined 3 times the cash earned (1.2 billion won fine).

Source: PannĀ and Dispatch

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