Imposters Who Forged BTS Concert Contracts Forwarded To Prosecution

On May 10, a group of men were forwarded to the prosecution for defrauding investors out of 5.5 billion won (approximately $4.51 million) by claiming that they could hold BTS concerts overseas.

According to police, the Seoul Yongsan Police Station forwarded Mr. Kang and two other individuals to the prosecution for forgery of a private document and violating the Act on the Aggravated Punishment, Etc. of Specific Economic Crimes, among others.

Last year, Mr. Kang and others defrauded investors out billions of won in contract deposits. They persuaded multiple small and medium sized companies to invest by claiming that they had exclusive rights to hold BTS concerts in countries such as Hong Kong and Indonesia. In order to persuade the investors, they even presented forged contracts containing the BTS members’ official signatures. These forms were made to look identical to the ones that are internally used by Big Hit Entertainment.

Once the contracts were signed, investors went two months without hearing any word of concert preparations. When they realized that the documents were fake, they immediately filed reports.

Mr. Kang and his accomplices are under suspicion of fraud, in addition to forging official documents from Big Hit Entertainment.

A police representative stated, “We can’t reveal the specific details of the investigation results. However, after securing documents we have acknowledged the suspicions regarding the three individuals, including Mr. Kang.”

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