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 13 Apr 2010 - Rain issues USD2 million lawsuit (JT Creative) View next topic
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13 Apr 2010 - Rain issues USD2 million lawsuit (JT Creative)
PostPosted: 14.04.2010 10:30 Reply with quoteBack to top

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13 Apr 2010 - Rain issues a $2 million dollar lawsuit

Looks like Rain isn’t out of the legal storm yet – although he won his last lawsuit, the idol is now involved in another lawsuit worth 2 billion won (~$2 million USD). Rain and seven other investors are all suing J.Tune Creative for embezzling the investment they put into the company, meaning that Rain, fortunately, isn’t the one under fire this time around.

It’s been revealed through Newsen that Rain & seven investors of J. Tune Creative, the fashion design company of Rain’s company J. Tune Entertainment, are pressing charges of embezzlement (fraudulent use of funds) against the company through the Seoul Central District Prosecutors’ Office. As J. Tune Creative is a part of J. Tune Entertainment, it seems that this is an internal company dispute regarding a certain group of staff misusing funds.

One of the investors, who identified as Lee, said through the prosecutors, “In 2008, we invested 2 billion won in J.Tune Creative for the fashion business purpose and looked at it as a loss. Of the registered fees, Rain and I as well as others paid 2.5 billion won [for the company and] the model fees of Rain … Two billion won was embezzled.”

J. Tune Entertainment said, “We are finding out more details about the complaint right now.”

Stay tuned as we continue to explore this matter.

by heartfacee

source: Newsen & Nate
source: http://www.allkpop.com/2010/04/rain....-2-million-dollar-lawsuit

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Last edited by Phoenix on 14.04.2010 10:39; edited 2 times in total

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poesie22



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PostPosted: 14.04.2010 10:33 Reply with quoteBack to top

Hört das denn nie auf? Sad
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Phoenix
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PostPosted: 14.04.2010 10:41 Reply with quoteBack to top

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Ist diesmal was neues ....

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PostPosted: 14.04.2010 10:58 Reply with quoteBack to top

Ja, ich sehs, Unterschlagung...
Aber die sollen ihn und seine Firma mal
in Ruhe lassen... manno... Sad

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PostPosted: 14.04.2010 21:26 Reply with quoteBack to top

Wenn ich das jetzt richtig gelesen habe, verklagen Rain und 8 andere Investoren J. Tune Creative  Shocked wegen Unterschlagung von Geldern. Was ist den nun los???? Ok, ich bin froh, dass diesmal nicht Rain verklagt worden ist. Aber die Tatsache, dass es eine interne Angelegenheit ist, macht mich irgendwie nachdenklich  Confused
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poesie22



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PostPosted: 14.04.2010 21:44 Reply with quoteBack to top

Aber ist diese Firma nicht Rains Firma?
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PostPosted: 15.04.2010 08:47 Reply with quoteBack to top

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hm also ich verstehs auch irgendwie nicht so richtig

Quote:
15 Apr 2010 - Rain's associates facing a lawsuit where his name is wrongfully used, have showed they'll do anything including going to court

Rain's associates facing a two billion KRW (around $ 180,000) lawsuit by a company representative, have showed that they'll do anything including going to court.

Claiming that a company representative named A had injected as much as two billion KRW into J.Tune Creative but had suffered a loss, he took 8 including Rain to court for derelictions of duty.

For this, in a telephone call one of Rain's associates expressed, "We judge that it must be a lawsuit where Rain's name is wrongfully used. We are looking into taking legal action against the accuser."

"Rain belonging to J. Tune Creative felt responsible for a situation where he has been involved with J.Tune Creative as a shareholder, so he just worked hard as he appeared on the fashion runway, etc."

"The full details of Rain's guarantees, etc. were already announced in the media. Thus, we can't understand what was wrong. We'll faithfully accede to the investigation in order to reveal the truth and are looking into the feasibility of taking legal action against the accuser."

"It's a thousand pities Rain has been sued exactly as his new alum has been released."


Meanwhile, on the 14th, the prosecution has launched an investigation and begun the process of verifying whether these claims are true. After grasping the accusations, the prosecution intends to investigate both sides.

credit to Joy News
Brief translation by rain bird
from: rain-cloud

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PostPosted: 15.04.2010 09:53 Reply with quoteBack to top

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14 Apr 2010 - Rain caught in a lawsuit?

Singer Rain is rumored to be caught within a lawsuit!

on the 13th according to officials that J. Tunes including its investors, shareholders about 8 of them are charged and accused for embezzlement and breach of trust in the Seoul Central District Prosecutor's Office.

A complaint was filed that back in August 2008 about 8 people including rain "embezzled" about 20 billion won wort of investment. Meanwhile, Rain's Agency J. Tunes Entertainment said over a phone interview that there is no reason for Rain to do such act and those accusations are "Ridiculous claims".

Source: Starnews
Credits: Blueprincess824-Dailykpopnews
from: soompi

Quote:
For those who dont know what embezzlement means:

Embezzlement is the act of dishonestly appropriating or secreting assets, usually financial in nature, by one or more individuals to whom such assets have been entrusted.
Embezzlement is a kind of financial fraud.
credits: Wikipedia.org

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poesie22



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PostPosted: 15.04.2010 10:13 Reply with quoteBack to top

Bitte, ihr Süßen, lasst mich nicht dumm sterben... Wink
Wer verklagt hier wen? Ich kapiere das nicht und mein
Englisch ist auch nicht gut genug...
Naja, und Google ist auch nicht grad der optimale
Übersetzter...

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Phoenix
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PostPosted: 15.04.2010 10:42 Reply with quoteBack to top

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Ich stimme LVRN zu, so habe ich das auch verstanden. Angeblich verklagt Rain und andere J. Tune Creative wobei jetzt J. Tune Entertainment sagt, dass es nicht so wäre. hm kA

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PostPosted: 15.04.2010 10:45 Reply with quoteBack to top

Aber JT Creative gehört doch auch Rain?
Oder seh ich das falsch? Komisch, wirklich eigenartig... Wink

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PostPosted: 15.04.2010 12:41 Reply with quoteBack to top

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naja sagen wir, da er Aktionär ist gehört es ihm so mehr oder weniger, da es darauf ankommt wieviele Anteile er erworben hat, ansonsten ist er "nur" ein Angestellter mit einem Arbeitsvertrag (vermute ich).


Quote:
15 Apr 2010 - Rain is to bring an action of libel against the accuser

Rain's associates being charged with dereliction of duty, refuted the charges, "At the inception of J.Tune Creative, the money by investing in stocks by the shareholders was actually deposited into their own bank accounts. We'll show the concrete evidence during the prosecutor's investigations."

"Rain agreed to sign a contract to work as a model of J. Tune Creative for three years and purchased the stocks with that money he was received. As a result, he felt a stronger sense of responsibility than ever as a stockholder and worked hard as a model.

He has never participated in the running of J.Tune Creative before and has only been faithful to his own duties as a model and designer."

"All these facts have been shown through the media and the public announcement. It is really quite damaging to Rain's reputation due to the accuser's claim which is totally without foundation."

"So, regarding this as an act of great malevolence to damage to a celebrity's reputation, we'll fully cooperate with the prosecutor's investigations and will reveal the truth as soon as possible. Separately, we'll charge the accuser with libel, requesting that a heavy punishment has to be given to the accuser."


credit to Sports Josun
Brief translation by rain bird
from: rain-cloud

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PostPosted: 15.04.2010 12:46 Reply with quoteBack to top

Immer noch eigenartig, das Ganze... Wink
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PostPosted: 15.04.2010 23:44 Reply with quoteBack to top

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Quote:
14 Apr 2010 - Prosecutors investigating Rain embezzlement accusation

Prosecutors have launched an investigation into accusations of embezzlement made against K-pop sensation Rain, according to officials on Wednesday.

The Seoul Central Prosecutors' Office confirmed the investigation department has started looking into a lawsuit filed last week by a fabric manufacturing company which has charged Rain and other officials of his agency with embezzlement and dereliction.

Yesterday, seven shareholders of Rain's entertainment firm J.Tune Entertainment, including the singer and actor himself, was belatedly known to have been sued by the fabric firm.

The fabric company claimed that it suffered financial losses from J.Tune Creative, a fashion affiliate of J.Tune Entertainment set up in 2008, which Rain is also the main model of.

The plaintiff said it invested two billion won in the fashion firm but Rain and other shareholders of J.Tune Creative embezzled their money by falsely registering the company's stock assets worth 2.5 billion won and claiming Rain's modeling fees worth 2 billion.

J.Tune has refrained from releasing an official response, saying they are in the process of determining the facts behind the case.

Rain, whose real name is Jung Ji-hoon, is considered one of the most successful Korean stars in the entertainment business.

He has lead a popular singing career throughout Asia and has expanded his acting career into Hollywood, appearing in action film "Speed Racer" and martial arts picture "Ninja Assassin" last year.

Reporter : Lim Hye-seon lhsro@asiae.co.kr
Editor : Jessica Kim jesskim@asiae.co.kr
ⓒ10Asia All rights reserved
source: http://10.asiae.co.kr/Articles/new_....;a_id=2010041423081545082

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PostPosted: 21.04.2010 13:26 Reply with quoteBack to top

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15 Apr 2010 - Rain Sued of Embezzlement (Allkpop got it wrong)


Prosecutors investigating Rain embezzlement accusation

Prosecutors have launched an investigation into accusations of embezzlement made against K-pop sensation Rain, according to officials on Wednesday.

The Seoul Central Prosecutors' Office confirmed the investigation department has started looking into a lawsuit filed last week by a fabric manufacturing company which has charged Rain and other officials of his agency with embezzlement and dereliction.

Yesterday, seven shareholders of Rain's entertainment firm J.Tune Entertainment, including the singer and actor himself, was belatedly known to have been sued by the fabric firm.


The fabric company claimed that it suffered financial losses from J.Tune Creative, a fashion affiliate of J.Tune Entertainment set up in 2008, which Rain is also the main model of.

The plaintiff said it invested two billion won in the fashion firm but Rain and other shareholders of J.Tune Creative embezzled their money by falsely registering the company's stock assets worth 2.5 billion won and claiming Rain's modeling fees worth 2 billion.

J.Tune has refrained from releasing an official response, saying they are in the process of determining the facts behind the case.

Rain, whose real name is Jung Ji-hoon, is considered one of the most successful Korean stars in the entertainment business.

He has lead a popular singing career throughout Asia and has expanded his acting career into Hollywood, appearing in action film "Speed Racer" and martial arts picture "Ninja Assassin" last year.

Source: asiae.co.kr


----------------------------------------------------


Rain Accused of Embezzlement

Korean pop star Rain has been accused of embezzlement.

The Seoul Central District Prosecutors'Office said Wednesday it had opened an investigation into the singer,whose real name is Jung Ji-hoon, as he was listed among eight peoplethat a 52-year-old man recently filed a petition against forembezzlement.

Inthe petition, the man, identified only by his surname Lee, claimed hehad invested two billion won ($1.79 million) in a fashion firm, J.TuneCreative in 2008, which he claims was owned by Rain, and then sustainedsignificant losses as a result of account book manipulation.

"They cooked the books and embezzled two billion won," the petitioner said in a statement. A prosecutor familiar with the case said, "The investigation is in its early stages."

But the prosecutor did not rule out the possibility of the singer being summoned for questioning, if deemed necessary.

Rain's management agency denied the allegation.

"Rain has nothing to do with the case," J.Tune Entertainment said in a statement. The agency is associated with the fashion company. "Rain was just a model for the company, not a manager."

Source: The Korea Times

source: http://community.livejournal.com/omonatheydidnt/3150777.html
from: rainindonesia

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