THE BOYZ File Criminal Complaint Against Agency CEO Over $22M Embezzlement Scandal

The K-pop industry is facing another major controversy as THE BOYZ have reportedly filed a criminal complaint against the CEO of their agency, One Hundred Label, Cha Gawon, over serious embezzlement allegations.

According to legal representatives of the group, the complaint was filed under the Act on the Aggravated Punishment of Specific Economic Crimes (Embezzlement) — a law applied in high-value financial crime cases in South Korea.

🚨 Police Investigation & Evidence

The situation has already escalated beyond internal conflict.

On April 3, the Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency conducted a search and seizure at the company. Authorities later confirmed on April 8 that they had secured relevant evidence as part of the investigation.

⚠️ What Is CEO Cha Gawon Accused Of?

Cha Gawon is suspected of:

Proposing joint business ventures in the entertainment industry using company artists

Collecting advance payments from partners or investors

Failing to carry out the promised projects afterward

This has raised serious concerns about potential misuse of both company assets and artist involvement.

💰 Estimated Damages

The scale of the case is massive.

Police have received three separate complaints

The cases are currently being investigated together

Estimated damages reach approximately 30 billion KRW (around $22 million USD)

⚖️ Multiple Lawsuits Ongoing

In addition to this case, Cha Gawon is reportedly facing multiple lawsuits, further intensifying scrutiny around One Hundred Label and its management.

💬 Final Thoughts

This is not just another industry rumor — it is a full-scale criminal investigation involving significant financial damage and legal consequences.

For fans, this situation is deeply concerning, especially as it directly involves the agency responsible for managing THE BOYZ. As the investigation continues, many are hoping for transparency, accountability, and protection for the artists involved.