YG Entertainment Confirms BLACKPINK’s Lisa Was A Victim Of Fraud By Former Manager

YG Entertainment has confirmed that BLACKPINK’s Lisa had been swindled 1 billion won (approximately $816,000) by her former manager.

On June 2, Market News reported that the former manager “A” had exploited their connections and received money from Lisa, saying that they would look into real estate for her. Lisa then lost all her money when Manager “A” spent her money on gambling.

According to an anonymous informant, the former manager “A” had worked with BLACKPINK since their debut and was someone that Lisa had trusted during her rookie days. The incident has surprised many, as the former manager was well-trusted within the company and by the members.

A source said, “Because Lisa is a foreign member and has been in Korea by herself since she was young, she is very vulnerable to these things. It is very unfortunate that these things happen in the industry. This is a serious situation that can damage the domestic management’s image.”

Following the report, YG Entertainment released the statement below:

After looking into the matter, we confirmed that Lisa was a victim of fraud by former manager “A.”

According to Lisa’s wishes to settle this amicably, as the former manager was someone Lisa had trusted, Manager “A” has reimbursed a part of the sum and has left the company after agreeing on a reimbursement plan for the rest of the sum.

We bow our heads and apologize for causing concern to the fans who love our artist.

We are embarrassed by the misconduct of “A,” and we are feeling responsible for the management and supervision. We are taking preventive measures so that this does not happen again.”

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