According to the Korea Times he scammed 624 million won ($547,765) for a fake BTS fan-meeting event.
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23 Aug 2017 - 1:31 PM  UPDATED 23 Aug 2017 - 3:00 PM

According to the Korea Times, a businessman who used BTS' name to allegedly run a fake fan-meeting scam has reportedly been indicted.

A video on Yahoo7 Be says the Korea Times reported that the man, identified by his surname, Choi, scammed 624 million won ($547,765) for a fake BTS fan-meeting event, according to the Seoul Central District Prosecutors' Office on Thursday.

Choi, who runs a fashion goods company, had previously signed a deal with BTS' agency, Big Hit Entertainment, to create BTS branded backpacks and carriers. The deal entitled him to a one-time promotional event with BTS to sell the products, but didn't cover fan-meetings or any other type of event with the band, the prosecutors said according to the Korea Times.

As reported by the Korea Times Choi was 2 billion won in debt before signing the deal and unable to keep up monthly royalty payments to Big Hit Entertainment to maintain the deal, which drove him to run the scam prosecutors said.

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