YG Entertainment Releases Statement Confirming BLACKPINK's Lisa Was Scammed ₩1 Billion KRW

YG Entertainment has released their statement regarding BLACKPINK Lisa‘s former manager who scammed her out of ₩1 billion KRW ($817,661 USD).

In YG Entertainment’s statement, they confirmed Lisa was a victim of the scam, and how Lisa will be getting her money back.

We found out through an internal investigation that Lisa was a victim of fraud by her former manager “A”.

According to Lisa’s wishes of an amicable settlement, as he was a former manager she trusted, “A” has agreed to reimburse some of the money he stole, and the rest of the money will be paid back through a repayment plan, and he has left the company.

We apologize for causing concern to fans who love Lisa.

We are very embarrassed by “A’s” behavior of taking advantage of his trust with the artist, and we feel responsible for the management and supervision [of our staff]. We are working on measures to prevent such an unfortunate event from happening again.

— YG Entertainment

Earlier today, it was revealed that Lisa’s former manager scammed money from Lisa under the guise of helping her with real estate, and wasted all of it on gambling.