Varo Entertainment Issues Warning Against Impersonation Scam Targeting Small Businesses

Los Angeles – June 8, 2024 – Varo Entertainment, the management agency behind rising stars like Byeon Woo-seok, Gong Seung-yeon, Lee Soo-kyung, and Lee Yoo-mi, has officially issued a public warning regarding fraudulent activities involving individuals impersonating its staff to extract money from unsuspecting small business owners.

“There have been recent reports of scammers posing as our agency staff attempting to secure financial gain,” Varo Entertainment stated. “These individuals are targeting small businesses under the pretense of being managers of our artists, requesting prepayment for events or entertainment gatherings, particularly for items like wine. Once the goods are ready or payment is made, the fraudsters disappear without a trace—a method commonly referred to as a ‘no-show scam.'”

The company emphasized that neither Varo team members nor its associated personnel will ever request money transfers or merchandise purchases. Any such interactions should immediately be deemed suspicious and illegal.

Varo urges the public to take extra precautions. “If anyone receives a request of this nature, we strongly advise verifying the identity and employment status of the individual. This is essential in helping us prevent further damage,” the agency warned.

In light of the severity of the situation, Varo Entertainment also confirmed that it is fully committed to taking legal action against those involved in the scam. The agency is working diligently to protect its reputation, staff, and affiliated talent.

Varo Entertainment is home to popular talents such as Byeon Woo-seok, Gong Seung-yeon, Lee Soo-kyung, Lee Yoo-mi, and Jingu. The announcement comes as the agency and its artists are in the spotlight, making them notable targets for fraudulent schemes.

Members of the entertainment industry and the general public are encouraged to remain cautious and report suspicious activity to Varo Entertainment or the appropriate law enforcement authorities immediately.