EPTOn January 11 2016 13:34 Wala.Revolution wrote:
On the lam? On the run?
On the lam? On the run?
At least his run will START in STYLE.
too soon?
Sonic sued for fraud (Update Jan 11) - Page 9
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Cascade
Australia5405 Posts
At least his run will START in STYLE. too soon? | ||
BLinD-RawR
ALLEYCAT BLUES50749 Posts
On January 11 2016 13:40 Cascade wrote: At least his run will START in STYLE. too soon? spin dash son. | ||
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fronkschnonk
Germany622 Posts
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Thouhastmail
Korea (North)876 Posts
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SetGuitarsToKill
Canada28396 Posts
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jinyung2
Luxembourg1455 Posts
On January 11 2016 12:44 Cascade wrote: Thanks both translators!  So the main thing he did wrong was to sell overprices shoes? And collecting debts that he couldn't pay off... So the fraud was against the store owners that had to pay sbenu to sell the shoes at unreasonable high price? from my understanding its like this 1. sonic spends a fortune on advertisement and marketing, ppl see IU AOA and ppl in drama wearing sbenu shoes and they start to sponsor many different esports stuff (sc2 lol bw etc) it seems really successful and gains rep 2. sbenu goes to factory and uses their rep as some kind of giant super growing company and asks to began shoe production and signs contracts saying funds will be delivered in due time. the highkey ceo's son made public online a bunch of different written contracts sonic stamped saying this will be promised that will be promised etc. but sbenu continues to lag it and blames highkey the management agency saying they have the money. factory has no choice but to sell shoes they have stocked up for cheap. sbenu comes in and buys this posing as a third party for very cheap. 3. investors are like "wow we totally want a piece of this action" so they invest heavily, 100+ stores nation wide, minimum ~30k$ investment up to like ~200k$ 4. sbenu supplies (probably also runs) clearance overstock store with shoes they scammed from factory as third party and sells the same shoes they sell at branch stores for 40~60% discounted prices. sbenu for a while stated they did not give these stores they shoes but this was found out to be a lie in the phone recordings 부산공장 posted online. of course what happens is branch stores get fuckedddd people like intotherainbow was extremely mad at sonic cus he was one of the investors and he put in all of his own savings, borrowed money from his family and from his sister to invest in a sbenu branch store and it went out of business VERY fast. 부산공장 mentioned there were some who even took their own lives and a ton of other victims who's lives are being destroyed by this scam 5. now according to very recent stuff that 부산공장 posted on dc, apparently the money sbenu makes from these they launder through some kind of unnamed entertainment agency. also I read that everything sbenu hasnt been able to get trademark rights since june 2015, because A) ![[image loading]](http://cdnweb01.wikitree.co.kr/webdata/editor/201512/23/img_20151223143141_d93c2dac.jpg) their logo is like 90% copied from something else B) theres a shoe brand called SOBENU ![[image loading]](http://image.auction.co.kr/itemimage/d3/b6/5d/d3b65d585.jpg) and they were basically like "yo your brand name is too similar to ours" and did some legal stuff to which sbenu gave no response edit: i put 2014 instead of 2015 | ||
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c0ldfusion
United States8293 Posts
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Ciryandor
United States3735 Posts
On January 11 2016 13:58 jinyung2 wrote: of course what happens is branch stores get fuckedddd people like intotherainbow was extremely mad at sonic cus he was one of the investors and he put in all of his own savings, borrowed money from his family and from his sister to invest in a sbenu branch store and it went out of business VERY fast. 부산공장 mentioned there were some who even took their own lives and a ton of other victims who's lives are being destroyed by this scam What, so IntoTheRainbow the Starcraft player got played? Damn. I'm thinking Sonic got squeezed by his loan sharks and caused the whole house of cards crumbling or he was really salting away the cash. | ||
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Brutaxilos
United States2633 Posts
On January 11 2016 13:58 jinyung2 wrote: from my understanding its like this 1. sonic spends a fortune on advertisement and marketing, ppl see IU AOA and ppl in drama wearing sbenu shoes and they start to sponsor many different esports stuff (sc2 lol bw etc) it seems really successful and gains rep 2. sbenu goes to factory and uses their rep as some kind of giant super growing company and asks to began shoe production and signs contracts saying funds will be delivered in due time. the highkey ceo's son made public online a bunch of different written contracts sonic stamped saying this will be promised that will be promised etc. but sbenu continues to lag it and blames highkey the management agency saying they have the money. factory has no choice but to sell shoes they have stocked up for cheap. sbenu comes in and buys this posing as a third party for very cheap. 3. investors are like "wow we totally want a piece of this action" so they invest heavily, 100+ stores nation wide, minimum ~30k$ investment up to like ~200k$ 4. sbenu supplies (probably also runs) clearance overstock store with shoes they scammed from factory as third party and sells the same shoes they sell at branch stores for 40~60% discounted prices. sbenu for a while stated they did not give these stores they shoes but this was found out to be a lie in the phone recordings 부산공장 posted online. of course what happens is branch stores get fuckedddd people like intotherainbow was extremely mad at sonic cus he was one of the investors and he put in all of his own savings, borrowed money from his family and from his sister to invest in a sbenu branch store and it went out of business VERY fast. 부산공장 mentioned there were some who even took their own lives and a ton of other victims who's lives are being destroyed by this scam 5. now according to very recent stuff that 부산공장 posted on dc, apparently the money sbenu makes from these they launder through some kind of unnamed entertainment agency. also I read that everything sbenu hasnt been able to get trademark rights since june 2014, because A) their logo is like 90% copied from something else B) theres a shoe brand called SOBENU and they were basically like "yo your brand name is too similar to ours" and did some legal stuff to which sbenu gave no response How the fuck did anyone think they could get away with copying that logo?? Is this for real? | ||
stuchiu
Fiddler's Green42661 Posts
On January 11 2016 14:19 Brutaxilos wrote: How the fuck did anyone think they could get away with copying that logo?? Is this for real? well when you consider how much fraud he thought he could get away with, the logo is really small fries | ||
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castleeMg
Canada786 Posts
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iMrising
United States1099 Posts
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evilfatsh1t
Australia8842 Posts
really sucks for sonic as he seems like a passionate guy, but tbh cant say im surprised at the outcome. | ||
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N.geNuity
United States5112 Posts
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Phredxor
New Zealand15076 Posts
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Circumstance
United States11403 Posts
On January 11 2016 14:19 Brutaxilos wrote: How the fuck did anyone think they could get away with copying that logo?? Is this for real? Esports is pretty familiar with logo stealing. CSGO teams have used Twitch emotes as logos, Dota teams once used phone symbols as logos, and Prime's iconic logo got turned into the logo for a PS4 launch title and shown off by Sony at E3. | ||
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[sc1f]eonzerg
Belgium6830 Posts
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Thouhastmail
Korea (North)876 Posts
he stated "first, Mr. Hwang didn`t run away; he reports for work now." What a virtuous man, indeed. *sarcasm* | ||
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BLinD-RawR
ALLEYCAT BLUES50749 Posts
On January 11 2016 15:00 Thouhastmail wrote: http://sports.news.naver.com/esports/news/read.nhn?oid=109&aid=0003238310 he stated "first, Mr. Hwang didn`t run away; he reports for work now." What a virtuous man, indeed. translation? | ||
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Thouhastmail
Korea (North)876 Posts
On 11, Jan. OSEN finally made contact with one of the closest advisers of Sonic. he stated, "As nothing is certain, we`re a bit noncommittal. First, Mr. Hwang didn`t run away; he reports for work now" ...things you already know... About the lawsuit, he said "It is hard to tell you something. However, we`re victims, too. As we told you once, there`s a problem with agency. For instance, agency went ahead with the work without prior consultation, which caused serious problems to SBENU and manufactures. Everything will be revealed in the court." With regard to esports, "No problem with LOL, SC2. We`re on the right track. There`s nothing to tell you, because there`s no problem." | ||
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