More news about YG
Apparently he used the YG artist's overseas concerts profits for gambling (and perhaps a cover up for money embezzlement?)
http://www.asianjunkie.com/2019/08/10/connection-between-ygs-gambling-profits-of-yge-artists-from-overseas-concerts-reportedly-being-investigated/
And some interesting comments in the article:
"remember how YGE "performance" related profit was negative 700M won in 2018 after all those tours between their groups? And the audit team already said they were looking into taking money from oversees concerts.
All the "i hate yg and yge but i gotta support my faves" stans, you fooled yourself. Giving your money to this criminal enterprise only enriches YG and his close set of upper management goons. All you are doing is propagating this cancerous companies existence under the deluded guise of supporting your faves. Sometimes there are more important things in life other than your favorite dancing kids who most of them already come from rich families become successful kpappers, important things like taking down YGs criminal empire once and for all. Otherwise this masochistic cycle of hating the company mistreating these kids but supporting them anyways because you dont want them to fail will continue in perpetuity. Kpop industry uses this obsession they manufacture in fans for the perfect emotional manipulation."
"Not only from tours, from endorsements and merch sales. And it's not just YG, I actually hope all top companies get investigated thanks to this. The way YG has been using Lisa's image in Thailand to sell his overpriced brands nonagon and moonshot and the way SM is releasing merch everyday yet COEX is in deficit.
Also, lowkey I have the same suspicions of LINExBigHit with the income from BTS' BT21. Everyday they are releasing collabs with multiple top brands (last week with Downey and Dove) I don't think the members (that created the characters) are receiving the royalties and those could be underreporting sales."