The true face behind the glamorous entertainment world, the fall of ‘One Hundred’, who was caught up in suspicion of fraud worth 30 billion won > News

The core of this case lies in the charges of double contracting and misappropriation of advance payments committed by CEO Gawon Cha against Nomus Co., Ltd. CEO Cha collected a huge advance payment of 24.2 billion won from Nomus by proposing a business using the intellectual property rights of his artist, but it was revealed that he had absolutely no will or preparation to implement the project. In particular, the police believe that CEO Cha used a bold tactic of signing a new contract while concealing the fact that there were no signs of expiration of the existing contract with another company. The investigative authorities believe that this is closer to a carefully designed deception to secure an advance payment rather than a normal business activity.

The fraud allegations don't stop there. In addition to his corporate business, CEO Cha is also accused of collecting a deposit of 5.4 billion won through a personal proposal with an acquaintance to 'exchange houses owned by each other and enter into a lease contract', and then failing to fulfill his actual contract obligations. As a result, the total amount of damage identified by the police amounts to approximately 30 billion won, which proves how serious the management risks were across the Fiark Group and One Hundred labels he ran. Currently, Representative Cha's side is taking a strong stance, claiming the illegality of the search and seizure process, filing a quasi-appeal, and filing a complaint with the National Human Rights Commission on the grounds of human rights violations. However, the public's gaze on the flood of criminal charges is very cold.

It is difficult to dismiss the downfall of the One Hundred label as merely the personal aberration of the CEO of Cha. The company, which was founded with singer MC Mong, is experiencing serious internal collapse, with its artists Lee Seung-gi, Lee Moo-jin, and Chen Baeksi recently raising the issue of non-payment of settlement fees and taking steps to terminate their exclusive contracts. As various rumors continued, including suspicions of the management's affair, embezzlement, and overseas gambling, the trust of the entire company fell to the bottom, and the damage was passed on to the artists, partners, and employees. Currently, it is known that the accumulated unpaid balance alone amounts to 10 billion won, and the reality of the once glamorous label has become no different from a ghost company struggling with financial difficulties.

Meanwhile, it is also worth noting that judicial authorities are becoming sharper about unfair transactions and collusion throughout society. As arrest warrants were requested for executives and employees of HD Hyundai Oilbank due to suspicions of oil price fixing in the oil refining industry, the government declared zero tolerance for serious crimes that disrupt market order. This trend once again reminds us that ‘transparency’ and ‘ethical management’ are essential conditions for survival in all economic areas, including the entertainment industry. The case of Representative Cha Ga-won goes beyond simple entertainment industry gossip and serves as a lesson in showing how deceiving artists and contractors with the logic of capital will ultimately cost them before the court of law.