CNBLUEs Jung Yong Hwa, who had been under investigation for insider trading, has been cleared of suspicion. Fellow CNBLUE member Lee Jong Hyun, who was also investigated, was charged with a fine of 20 million won (approximately $17,300). Jung Yong Hwa had been under investigation for purchasing roughly 400 million won (approximately $347,000) worth of FNC stocks on July 8 and 9 of 2015, with which he then made a profit of 200 million won (approximately $173,400) after FNC recruited a major celebrity. However, it was revealed that at the time the stocks were purchased, discussions to recruit the celebrity had not yet begun, and Jung Yong Hwa had no knowledge of FNCs plans to do so. It was revealed during investigation that Jung Yong Hwa has entrusted his mother with his finances for some time, and the stocks in question were in fact purchased by his mother, to no knowledge of Jung Yong Hwa. It was only when Jung Yong Hwa heard that FNC recruited the celebrity that he sold some of the stocks in their possession. CNBLUEs Lee Jong Hyun, according to reports, heard on the morning of July 15, 2015 from an acquaintance that FNC would be recruiting a famous celebrity. Without checking if the news had been reported or not, he purchased FNC stocks. However, once he realized that the transaction would cause legal issues for him, he did not sell the stocks and has been holding on to them, which has actually cost him. The prosecution, considering that Lee Jong Hyun has deeply reflected on his wrongs, has granted him a summary indictment. Credit to Soompi- http://www.soompi.com/2016/06/30/cnblues-jung-yong-hwa-cleared-of-insider-trading-suspicions-lee-jong-hyun-fined/ Thank goodness! I knew Yonghwa didnt do it. K-Monsta Squad: @BBxGD @lilbr0wneyes @ShailaZaman @KpopGaby @MYAlpha Tag list: @cagonzales9696 @destiny98 @ARMYStarlight @cherriblossom17 @SimplyAwkward @Btsislife @jaselgalindo @emealia @saraortiz2002 @xsandos17 @VictoriaBossier @TaehyungKey @Sarahdarwish @kpopandkimchi @Emealia @terenailyn @MonAnnahiX @4dalientae @PrettieeEmm @kyokeo @KwonOfAkind @AnimeKpopLover @SugaOnTop @AimeeH @MadAndrea @B1A4BTS5ever @zyxzj @Taehyungie @VKookie47 @sharayahTodd @DOislifeExoL @kpopbeat @amobigbang @BulletproofV @PrincessUnicorn @luna1171 @LisetteZapata @herreravanessa9 @MadAndrea @AnimeKpopFreak @amandamuska @RandomName @Baekyeol27 @aliendestina
Cnblue's Yonghwa has been cleared of charges, while Lee Jonghyun is being penalized
I knew it! But thank goodness that Jonghyun doesn't have to go to prison, well that he didn't go too far into the business.
@emhoover1993 yas that's my thinking because I'm sure if anything they are thinking about their actions for the future and wouldn't do such a thing knowing that there might be chance of an ugly outcome.
@IsoldaPazo I know right! I was like not my man!!! He would never do that! As hard as they work to get where they are today why would he do something that could send him to jail for the rest of his life.