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Korean girl group BLACKPINK's Lisa Manoban was reported to have been swindled by her former manager and lost 1 billion won ($817,661 USD).

The manager allegedly told Lisa he would use her money to help her find some real estate investments but used the money for personal reasons.

In a statement released by BLACKPINK's agency label YG Entertainment, news regarding the fraud case was confirmed.

Korean news sites Naver and Soompi published the statement which mentioned the manager has resigned from YG Entertainment and that the company is working towards preventing such acts from happening again.

"After looking into the matter, we confirmed that Lisa was a victim of fraud by former manager "A."

"According to Lisa's wishes to settle this amicably, as the former manager was someone Lisa had trusted, Manager “A” has reimbursed a part of the sum and has left the company after agreeing on a reimbursement plan for the rest of the sum.

"We bow our heads and apologize for causing concern to the fans who love our artist.

"We are embarrassed by the misconduct of “A,” and we are feeling responsible for the management and supervision.

"We are taking preventive measures so that this does not happen again.”

Currently, BLACKPINK is preparing for their comeback album as well as the girl's solo tracks.

In a statement from YG Entertainment's official Twitter, the agency confirmed that BLACKPINK members Rosé, Lisa, and Jisoo's solo tracks will be released after BLACKPINK's official album release this June.

#BLACKPINK 멤버 솔로곡에 관하여. pic.twitter.com/NVTrHMFvcn

-- YG FAMILY (@ygent_official) June 1, 2020

Lisa's fans took to social media their reactions and made their idol trend on Twitter.

"One smile can hide a million tears."

You are strong, you are brave. We are here for you and we will stay by your side. Always.

Keep holding on, Lisa. @ygofficialblink

WE LOVE YOU 3270 💛💜 pic.twitter.com/S6nQ4wLbWt

-- 𝐭𝐢𝐧 ⁰³²⁷🌈 (@tinxlisa) June 2, 2020

hope lisa knows that it's not her fault. he broke her trust & reliance she had. hope she knows that she's still well loved by many like us, her members & her family 😕 such a strong girl

you have our full love & support @ygofficialblink pic.twitter.com/ukJhdDQqjo

-- 슈 🍬 (@intoblackpivk) June 2, 2020

Lilies/BLINKs, please leave some positive messages on Lisa's Instagram. Things must have been painful and hard for her, but she tried her best to be strong. Let us give her more of our love and support.

You deserve the best, Lili 🥺 #LISA #LALISA #리사 @ygofficialblink pic.twitter.com/0dRQETHroB

-- TEAM LISA PH (@TeamLisaPH) June 2, 2020

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