What happened to Swincle? CEO reveals grisly details behind their disbandment

Article: The details behind girl group Swincle's disbandment?... former agency 'shocking reveal'

Source: Starin via Nate

Attention is being focused on the speculations behind the reasons for five member girl group Swincle's indefinite disbandment.

Swincle debuted under Cant Entertainment on June of 2011 with their title track "Shake Ur Body". They then disappeared without a trace. Nobody thought much of it as dozens of idol groups make their debut each year only to disappear and never come back.

However, Kim Dae Gun, one of the co-CEOs of Cant Entertainment, released a rather shocking story through a press statement on March 4th where he claims that a famous manager 'A' had assaulted the other CEO into destroying the company.

According to his claims, the manager had demanded $5,000 a month in wage and to be included in the company shares. The manager then made marketing decisions about the group saying that the members needed to be switched out or another concept had to be used, and asked the CEO for another several thousands in cash.

Once the CEO refused, the manager brought with him two other people and started threatening him with bats. They then forced the CEO into their car and took him to an isolated area near the Han River. Scared for his life, the CEO did not report the matter to the police and instead focused his efforts on training Swincle so that they could succeed and bring in a profit.

"I later found out that the manager would meet with the members of Swincle behind our backs and persuade them to join their side and terminate their contracts with us."

The CEO, having had enough, announced that he would be quitting the company, only for the manager to come back and demand more money from him with verbal and physical abuse. "At one point, he came to my home and threatened me with a knife."

The manager later enlisted the help of another famous manager 'B' and a Tae Kwon Do master 'C'. Together, they stopped the CEO's car on his way home on the morning of September 17th, 2011, and pulled him out of the car to beat him with bats.

"The assault took place near a coffee shop in Banpo-dong, Seoul. They beat my face and body relentlessly until I gave up and gave them my bank account information. They took every last cent in my account and then stole my car, laptop, and cellphone."

For a while, the CEO was under severe depression and too much fear to start working again. After coming to terms with what had happened, he went straight to the police to report them. Unfortunately, the case was closed as soon as it was opened, as another company CEO who was at the scene of the crime vouched for the manager.

"I received a threat from the manager saying that he would kill me if I didn't take back everything I had told the police so I had no choice but to take it all back. That put an end to the entire case. Now all of the stockholders are filing lawsuits against me and I'm left to deal with it all on my own."

When asked by a reporter why he's coming out with this now, he said, "Two weeks ago, the Seoul Central District Court contacted me saying that although two years had passed, the case had not yet exceeded the statute of limitations and asked that they reinvestigate the case so that it can set a precedent and prevent other cases from arising again."

-

1. [+182, -2] They're absolutely ruthless;;

2. [+126, -4] Everyone is so quick to want a piece of the pie in the celebrity world because they don't see the dark shadows looming behind the flashy exterior of their lives. It doesn't matter if you train for years on end after passing auditions and finally make your debut because you'll never amount to anything as much as the idols from the bigger companies and eventually end up forgotten. Concepts are the same, songs are the same, these idols are all like dolls being punched out of a factory. Eventually, the supply will exceed the demand and they'll end up being thrown in the recycle bin.

3. [+76, -3] I bet 9 out of the 10 people who call themselves entertainment CEOs today are mafia members or were once mafia members.

4. [+19, -1] If they were this ruthless with the entertainment CEO, imagine how much worse they were to the members of Swincle? You can only imagine...

5. [+19, -0] Isn't the entertainment industry basically an industry made for the mafia? You don't need any education and all you need is to train one person into a star and hit daebak. They see this and all try to jump in on the cash train.

6. [+16, -1] Their company name foreshadowed their fate from the start.. Can't Entertainment

7. [+15, -0] A true example that shows just how dirty the industry really is

8. [+10, -0] There are a lot of managers who used to be mafia members

9. [+6, -0] The top three industries that the mafias are in: cellphone stores, night clubs, and entertainment.

10. [+6, -2] Group sexual service

-