LOS ANGELES (CelebrityAccess MediaWire) – Korean pop sensation Rain is the target of a new lawsuit, which accuses the singer of fraud, breach of fiduciary duty, conversion, breach of contract and unjust enrichment.
According to the The Korea Herald, Andrew Kim, a Korean-American businessman and concert promoter has filed suit in Los Angeles against Rain, AKA T.June, seeking more than $2 million in compensation from the singer.
Among the debts Kim claims to be owed by Rain is a $150,000 gambling debt the singer allegedly rolled up playing baccarat during a stay at the Bellagio in Las Vegas. Rain was in the in the U.S. for a 2007 concert, promoted by Kim, that was set to take place in Los Angeles.
According to the suit, Kim claims that that Rain had an allegedly heavy habit and "was stunned to discover that Rain would repeatedly place bets (on baccarat) upwards of $10 thousand." Kim claims that Rain pleaded with him for a loan of $150,000 to cover his debts and further subsidize his gaming. According to Kim, Rain has yet to repay the loan.
Kim also alleges that Rain refused to perform at the planned concert in Los Angeles, the failure of which cost Kim his life savings.
Rain was quick to issue a statement denying Kim's allegations, claiming that Kim has a grudge against Rain. "We are discussing how we can counter sue Kim and get the truth out to the public," a spokesperson for the singer told the Korea Herald.
The outcome of the suit may be important for the Korean actor/singer. He has a reputation as a hard-working and earnest performer who has overcome significant obstacles to become one of Korea's top performers. – CelebrityAccess Staff Writers