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  • fuckedgaijin ‹ General ‹ Media Fix ‹ Music

Former Music Svengali Suspected Of Fraud

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Former Music Svengali Suspected Of Fraud

Postby Mulboyne » Tue Nov 04, 2008 6:40 am

[floatr]Image[/floatr]Yomiuri: Komuro faces arrest over fraud
Prosecutors obtained an arrest warrant Monday for music producer Tetsuya Komuro on suspicion that he defrauded a president of a firm in Ashiya, Hyogo Prefecture, of 500 million yen over sales of musical copyrights. The Osaka District Public Prosecutors Office will start questioning Komuro, 49, and several others on Tuesday. The prosecutors suspect Komuro, who has produced numerous hit songs, spent the 500 million yen to pay off his own debts. According to investigative sources, Komuro fraudulently told the president he owned all the copyrights to 806 songs he had composed and written lyrics for, and concluded a provisional contract to sell these rights for 1 billion yen in August 2006. Komuro then received 500 million yen from the president as part of the payment. But Komuro had actually assigned the musical copyrights to musical publishers, including Avex Entertainment Inc. Royalty fees from the 806 songs total about 300 million yen a year, of which Komuro receives 100 million yen from the Japanese Society for Rights of Authors, Composers and Publishers, and 100 million yen from the musical publishers. The remaining 100 million yen goes to the musical publishers. Komuro still owes 780 million yen in compensation to his former wife, who has since seized the rights to 100 million yen of Komuro's annual royalties. Komuro reportedly told the company president he would like to conclude the contract but first had to have his former wife's claim to his part of his royalties lifted for which he would need an advance payment of 500 million yen. But the sources say he actually intended to use the money to pay off the debts. A subsequent lawsuit between Komuro and the president over the sale of the copyrights was settled at the Kobe District Court's Amagasaki branch. But as Komuro failed to pay the settlement ordered by the branch, the company president filed a criminal complaint with the prosecutors.
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Postby Yokohammer » Tue Nov 04, 2008 8:38 am

Serves him right, if true.

What I have trouble understanding is why so many of the "lucky" people who make bundles of money in the entertainment industry like this guy so often screw things up through utterly incompetent management and hare-brained lifestyle choices (no offense to hares intended). And then in desperation they do something criminal that is guaranteed to get them into serious trouble and screw things up even more.

Dumb, dumb, dumb, dumb, stupid (just for some variety), and dumber.
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Postby gkanai » Tue Nov 04, 2008 11:06 am

How do you pronounce Schadenfreude in Japanese?
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Postby Yokohammer » Tue Nov 04, 2008 11:12 am

_/_/_/ Phmeh ... _/_/_/
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Postby Neo-Rio » Tue Nov 04, 2008 11:41 am

A fool and his money are soon parted.
Behind every great fortune is a great theft.
etc. etc.

No seriously, I'm just jealous I had that amount of coin to pound sand with.
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Postby IkemenTommy » Tue Nov 04, 2008 3:22 pm

Well for a starter, before he got into all this financial mess, is that he invested heavily in the intellectual property and spent a ton of cash to protect copyrights in places like China and Hong Kong. Clever investment, or so he thought at the time he was scheming this, being able to bank on all the royalties from a market potentially greater than Japan. Well guess what? Those people there don't spend a dime to buy the real CDs. They go to those secluded shops in the back-alley that sell bootleg softwares and CDs. So in the end, he paid billions of yen for the ownership of the songs that never returned any of its investment.
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Postby Behan » Tue Nov 04, 2008 6:30 pm

The prosecutors suspect Komuro, who has produced numerous hit songs, spent the 500 million yen to pay off his own debts.


How could this guy have any debts? How greedy can a person get?
His [Brendan Behan's] last words were to several nuns standing over his bed, "God bless you, may your sons all be bishops."
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Postby DrP » Wed Nov 05, 2008 11:02 am

He's a complete shit - about 7mo ago his same band of corrupt groupies came up to me and asked about selling off his catalog. We did a quick check and found out that he basically had nothing. I can't imagine the Hyogo 'investor' not being able to do at least the bare minimum dd on this shithole. One can only assume that there is alot more to this story than just the one screwed investor.
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Postby Behan » Wed Nov 05, 2008 11:51 am

I guess I will never understand rich people. Risky investments are fine, but wouldn't it be better to do that after you put away enough money to take care of yourself for the rest of your life. Just put it in banks if nothing else. Then go ahead and blow the rest.
It will be interesting to see if he will get a suspended sentence as seems to be the way for a lot of white collar crime and political corruption.
Steal a candy bar and go to jail. Fraud someone for millions and get a slap on the wrist.
His [Brendan Behan's] last words were to several nuns standing over his bed, "God bless you, may your sons all be bishops."
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Postby Mulboyne » Wed Nov 05, 2008 10:45 pm

Komuro has appeared to admit the charges in some of the early statements which have been reported. Here's something from the Yomiuri:

Music producer Tetsuya Komuro, who was arrested on suspicion of fraud Tuesday, has continued to live the extravagant lifestyle he led as a pop music industry heavyweight in the 1990s, despite recent business failures and enormous debts, sources have said. Komuro, 49, dressed in a white T-shirt and a black jumper, appeared in the lobby of an Osaka hotel at 7:50 a.m. Tuesday, accompanied by prosecutors. As cameras flashed, Komuro got into an elevator with tears in his eyes. He did not respond to a reporter's request to make a statement to his fans. The vehicle Komuro was in was surrounded by several hundred reporters and other media people in front of the Osaka District Public Prosecutors Office in Fukushima Ward, Osaka. Komuro, his eyes downcast, appeared dazed in the backseat.

The arrest of the once enormously popular music producer has shocked the pop music industry and his fans. Although Komuro paid more than 1 billion yen in taxes at the height of his popularity and was ranked among the nation's individuals paying the most taxes, recently he has had more financial problems than hit songs. Komuro filed for arbitration with the Tokyo Family Court two years ago, requesting a reduction of 780 million yen in a divorce settlement he has yet to pay to his former wife, 33, on the ground that he was on the verge of a financial crisis. It is likely that his overseas business failures are also behind his financial problems.

Komuro was once the center of media attention for his extravagance, including booking all of the first-class seats on an international flight and an entire floor with a suite for his stay at a luxury hotel in Tokyo. He once sold 4 million copies of a new CD in less than 50 days. Recently, however, he has not been the hit maker he once was. In March, he produced a CD of new songs for his wife, vocalist Keiko of the pop group globe, who is also active as solo vocalist KCO. However, the CD has sold fewer than 20,000 copies since its release. Meanwhile, Komuro financed a music-related company in Hong Kong, aiming to expand his business in Asia. The failure of the project among others has increased his debt to billions of yen.

Despite these financial problems, he has maintained his lavish lifestyle. The couple's credit card payments have sometimes amounted to tens of millions of yen, and they still rent a condominium they use as a home and office in Minato Ward, Tokyo, for 2.8 million yen a month. In 2005, Tokyo-based Tribal Kicks, an event organizing company for which Komuro is a board member, fell behind in paying about 70 million yen in sponsorship fees to Oita Trinita, a J.League Division 1 soccer team.

In 2006, claiming that it was difficult for him to pay the divorce settlement to his former wife in addition to the 2 million yen in monthly support expenses for their daughter, Komuro filed for arbitration with the Tokyo Family Court requesting a reduction in the amount. His request, however, was denied. He is also believed to have often fallen behind in his payments to credit card companies and failed to pay his rent for several months.
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Postby Mulboyne » Thu Nov 06, 2008 10:06 am

Komuro divorced his wife, Keiko, before the arrest warrant was issued. The press believes he was looking to safeguard her assets from any claims against himself and today's reports suggest he will look to declare personal bankruptcy.

EDIT: Keiko denied press reports that she had divorced Komuro.
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Postby IkemenTommy » Thu Nov 06, 2008 1:25 pm

Mulboyne wrote:today's reports suggest he will look to declare personal bankruptcy.

Maybe he should have considered that option from the beginning.
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Postby Takechanpoo » Thu Nov 06, 2008 2:23 pm

Itchy bitter Jap English lyrics are always used in high point of his musics.
[YT]JFaIsMz_zXo[/YT]
Komuro musics are very a symbol of shitty apewed 90's Japanese pops.
The fact that his lump-of-shit musics(TRF, Globe, Amuro, etc) remind me of my high school days makes me so disgusted and irritated.
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Postby Mulboyne » Thu Nov 06, 2008 2:31 pm

IkemenTommy wrote:Maybe he should have considered that option from the beginning.


The fact that he didn't could mean that he's a prime candidate for suicide watch.
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Postby Mulboyne » Thu Nov 06, 2008 8:52 pm

Minato Ward claimed a portion of his royalties earlier this year:
Tokyo's Minato Ward Office seized in February part of Tetsuya Komuro's right to claim copyright royalties after the music producer fell several years behind in paying his resident's tax, The Yomiuri Shimbun has learned. The unpaid amount totals about 40 million yen, sources said. Komuro, who was arrested Tuesday on suspicion of defrauding a company president of 500 million yen over a bogus copyright sale deal, was regularly among the nation's highest individual tax payers in the 1990s, but he had since fallen behind on payments. According to investigative sources, Komuro's former wife also seized the rights to a share of his royalties in January 2005, after he failed to pay her divorce settlement of 780 million yen. Komuro's former wife and the ward office are reportedly receiving his copyright royalties in accordance with their respective claims.


Yomiuri
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Postby DrP » Sat Nov 08, 2008 11:42 am

Take - for the 2nd time - I dont think I could say it better than you. This guy is a total shit head - yet amazing. The Japanese bought his shit faster than a ho travels through Washington. The scary thing is that this is what shaped, er Japanese Popular Music, today -- no wonder J-Artists (the term used very loosely) have little to zero ariplay anywhere in the world. Quite simply, the music is shit.
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Postby TennoChinko » Sat Nov 08, 2008 6:53 pm

Komuro's ex-wife must be doing quite well! I wonder who her lawyer is? Seems to have done a pretty thorough job of identifying and seizing his assets...
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Postby Behan » Sat Nov 08, 2008 7:09 pm

Back in the mid 90's Komuro was the king of the pop world producing music stars like Amuro Namie. I don't know how big he has been in this decade but how could anyone waste that much money?
His [Brendan Behan's] last words were to several nuns standing over his bed, "God bless you, may your sons all be bishops."
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Postby Takechanpoo » Sat Nov 08, 2008 8:10 pm

DrP wrote:Take - for the 2nd time - I dont think I could say it better than you. This guy is a total shit head - yet amazing. The Japanese bought his shit faster than a ho travels through Washington. The scary thing is that this is what shaped, er Japanese Popular Music, today -- no wonder J-Artists (the term used very loosely) have little to zero ariplay anywhere in the world. Quite simply, the music is shit.

Before saying that, you need to get rid of piled grudges toward Japan from your brain.
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Postby Mulboyne » Sat Nov 22, 2008 6:05 pm

I love the graphics used by Japanese media organizations. They bring real clarity.

Image
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Postby Greji » Sat Nov 22, 2008 11:10 pm

Takechanpoo wrote:Before saying that, you need to get rid of piled grudges toward Japan from your brain.


Maybe it's your piles causing your own grudges....
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Postby Behan » Sun Nov 23, 2008 12:48 am

Good reply, Greji.

Ironically, the troll claims to have a grudge against white foreigners for being bullied by them. But he just makes things up anyway.
His [Brendan Behan's] last words were to several nuns standing over his bed, "God bless you, may your sons all be bishops."
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