The manager in question is Jung Bokyung:

He and Lisa were very close and blinks were calling him “manager oppa”, thankful that he was taking good care of Lisa.

To understand why she got scammed by him, we have to look at South Korean laws. Foreigners don’t earn the same amount of money as local Koreans, approximately 32% less. As we know that Lisa is from Thailand, this applies to her as well. So in order to earn more money, she started looking around options to invest her money, and she decided to invest it in real estate.

This brings us to the question on how she got scammed by him, when her mom is managing her finances. First of all, her manager has been by her side for pretty much her whole time in Korea, thus he was a person she was having trust in. Second of all, he probably has a better understanding about stuff revolving investments, especially in Korea. How would Lisas mother know anything about investing in Korea, when she’s from Thailand and barely even visits Korea.

So all these factors probably led to Lisa trusting him with about 1 billion won, which would estimate to be about 700,000 to 800,000 US dollars, which he did use, but rather to invest it, in order to gamble.

Fyi he lost everything.

Obviously Jung Bokyung was fired from YGE and said that he would repay the money via YGE confirmation:

“It was confirmed internally that Lisa suffered fraud from former manager A. According to Lisa’s intention, she hoped it to be resolved smoothly as he was a former manager that she had trusted. Mr. A reimbursed some and agreed to a reimbursement plan, and now he is resigned.

We apologize for the troubles of the fans who love artists. We are very embarrassed by Mr. A’s misuse of the trust relationship with the artist, and we feel the responsibility of managing and supervising again. We have prepared a plan to prevent recurrence so that there is no trouble.”

I hope I could answer your question! <3