Police urgently arrest a famous male singer for defrauding 1 billion won by a series of Korean artists.

Police urgently arrest a famous male singer for defrauding 1 billion won by a series of Korean artists.

This male singer cheated money from about 20 victims, angering the public.

On the afternoon of June 30, SBS News reported that Yoonhyuk (December group) was arrested and prosecuted for violating the Act on the punishment of acts related to economic crimes. According to a representative from the Incheon prosecutor’s office, the famous male singer cheated and appropriated the assets of acquaintances with a total amount of more than 1 billion won. Yoonhyuk borrowed money from the victims, and promised to pay both interest and principal, but then the male singer disappeared with the money he cheated.

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Up to now, there are more than 20 people claiming to be December’s victims, including artists, managers and legal figures.

An angry victim said: “I happened to meet Yoonhyuk last September. He promised to pay me both principal and interest at an interest rate of up to 15-30%. I gave Yoonhyuk about 100 million won. but so far have not received the money back.

Yoonhyuk officially debuted in 2007 as a solo artist. But it was not until he formed the group December with DK that the male singer reached success. December has achieved many impressive achievements in the Korean music market, with a series of high-ranking hits such as Honesty, Tears In Heaven, etc.

Source: Allkpop