Cnblues Yonghwa Cleared Of Insider Trading Fees After Allegedly Blaming His Own Mom For Misbehavior

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CNBLUEs Jung Yong Hwa Opens Up About Being Suspected Of Insider Trading
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CNBLUEs Jung Yong Hwa Opens Up About Being Suspected Of Insider Trading

CNBLUEs Jung Yong Hwa finally opened up about his experience being suspected of insider trading last year.

On the June 20 broadcast of tvNs Life Bar, Jung Yong Hwa revealed, [When I was caught up in all of it], I was having all sorts of thoughts. I had never experienced anything like it before.

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Last year, Jung Yong Hwa was suspected for insider trading when he acquired 400 million won (approximately $347,000) worth of FNC stocks, with which he made a profit of 200 million won (approximately $173,400) when FNC recruited a major celebrity shortly afterwards. After undergoing a prosecution inquiry, Jung Yong Hwa was acquitted of charges.

CNBLUE's Yonghwa opens up about the FNC Entertainment insider trading controversy
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CNBLUE's Yonghwa opens up about the FNC Entertainment insider trading controversy

CNBLUE's Yonghwa opened up about his past controversy involving insider trading.

In June of 2016, Yonghwa and Jonghyunwereinvestigated for insider trading at FNC Entertainment. Yonghwa was ultimatelyfound innocent while Jonghyun was charged fines.

SEE ALSO: CNBLUE's Yonghwa explains the backstory to his track 'Navigation' from his new mini album

On the July 20 airing of 'Life Bar', Yonghwa shared about the controversy. He thought back to the difficult time and said, "All kinds of thoughts ran through my mind. I've never experienced anything like that."

Im Young Min Of “Produce 101 Season 2” Under Fire For Allegedly Sharing Song Preferences Spoilers + Mnet Responds
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Im Young Min Of “Produce 101 Season 2” Under Fire For Allegedly Sharing Song Preferences Spoilers + Mnet Responds

“Produce 101 Season 2” contestant Im Young Min might be receiving a penalty.

A screenshot of a group chat between fans of Im Young Min recently surfaced on online community sites. In the group chat, one person claiming to have exchanged texts with Im Young Mins older brother shared a screenshot of their conversation. The person appearing to be Im Young Mins brother wrote, 1. Never 2. Oh Little Girl, indicating which songs Im Young Min wanted to perform for his concept evaluation. Though it is unclear whether this information affected the votes, Im Young Min was ultimately assigned to Never.

Yeeuns father allegedly embezzled $18 million USD from his followers
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Yeeuns father allegedly embezzled $18 million USD from his followers

Yeeuns father has been implicated for scamming 150 of his followers out of a total of 20 billion won (approximately $18 million USD).

In April, Poong Moon Show aired a segment about Pastor Park, who lied to over 150 of his followers. Those who invested money into him were promised remarkable amounts of money in return after a period of time. As a pastor, he said it was brought on by God and that they may be punished if they didnt give him money. The identity of Pastor Park has been revealed as Yeeuns father.

Yeeuns Father Allegedly Indicted On Charges Of Fraud And Embezzlement
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Yeeuns Father Allegedly Indicted On Charges Of Fraud And Embezzlement

Yeeuns father, a church pastor, is allegedly guilty of fraud and embezzlement.

During the June 5 broadcast of Channel As Heard It Through the Grapevine, it was revealed that Yeeuns father had tricked his church attendees and believers into donating a large sum of money towards an organization affiliated with the church. He told them he would pay out dividends after using the money to set up an economic research institute.

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