Former B2M Entertainment Manager Accused of Embezzlement

Eric Nam Spica

A former manager from B2M Entertainment is on trial for charges of embezzling money from the artists he was representing.

The Seoul Central District Prosecutors’ Office, Economic Crime Investigation Team Two announced that they indicted Mr. Jun on suspicion of embezzlement.

According to the prosecution, Mr. Jun worked as the general manager of B2M Entertainment in 2013. As the manager, he signed a contact with K Star Net and with Heo Young Saeng to produce a pictorial and to receive half of the proceeds in return. Mr. Jun received the payment through his personal account and spent it on his personal use. He is charged with embezzling about 85,340,000 won (approximately $74,000) of proceeds belonging to the agency’s artists at eight different times through September of 2014.

Heo Young Saeng has since changed agencies and is now a part of CI ENT. Current B2M Entertainment artists include Eric Nam, Nicole, Spica, and Kim Kyu Jong.

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