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What groups do you think are front for money laundering schemes?


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those groups with like a billion line-ups that haven't disbanded yet somehow. Raina/BlackSwan, 24K, Alphabat, etc.

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7 hours ago, sour candy said:

oo this is interesting. May I ask why? I don't know anything ab their company but i assumed they had good funds since they had like 1 million members

The group is based on NFTs and has loona's former creative director on it as the CEO, as far as I understood the NFTs are sort of a ticket to vote as a fan the future songs, so compared to the usual NFTs, I guess those who buy do get to do smth with it, but I'm still iffy about it. As for Jaden, the CEO, imo he tends to overspend without fully making use of it (example: LOONA 1/3 members + Yeojin traveling to so many countries just for photobooks mostly and that's about it even tho they went to great places with lots of content potential). Other than that there is not much info about the investors last time I looked into it etc. TLDR I am iffy from where Jaden managed to get the funds to launch such a big project and his whole NFT stuff.

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DR Music (Black Swan/Rania) is the default answer. No way that groups has ever made a profit and yet it never dies and they keep recruiting trainees/new members. Star Empire as well (though I don't know if they actually have any groups/artists any more). 

I would wager BBC started as a way to launder for Ilkwang Group, given the corruption of the founders of the company. We know for sure from Jaden Jeong that they lied to the public at least how much Loona's debut actually cost by billions of won.

Triple S also seems like a money laundering scheme. They are spending A LOT of money (including dorms in Korea and Japan) and plan to have multiple releases, multiple sub-groups and 24 members over all? Just on NFT money? No way.

Real answer though is I think a lot of smaller companies are money laundering schemes. Given how much money it takes to debut a new group (something like a million dollars USD or more) with the extreme unlikelihood of making your money back unless your group pulls a BTS or Gfriend, its is probably one of the worst business ventures to invest in. Yet there are dozens of new groups debuting each year. Something shady is definitely happening.  

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4 hours ago, soft said:

The group is based on NFTs and has loona's former creative director on it as the CEO, as far as I understood the NFTs are sort of a ticket to vote as a fan the future songs, so compared to the usual NFTs, I guess those who buy do get to do smth with it, but I'm still iffy about it. As for Jaden, the CEO, imo he tends to overspend without fully making use of it (example: LOONA 1/3 members + Yeojin traveling to so many countries just for photobooks mostly and that's about it even tho they went to great places with lots of content potential). Other than that there is not much info about the investors last time I looked into it etc. TLDR I am iffy from where Jaden managed to get the funds to launch such a big project and his whole NFT stuff.

Oooh I definitely agree now. This info was helpful 

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