A report by Dexerto states that TSM claim to have found former League of Legends esports coach Zhang "Peter Zhang" Yi guilty of financial irregularities, specifically regarding the allegations of inappropriate behavior regarding player salaries.
The allegations against Peter Zhang were made public by TSM on March 18, 2022 with the announcement of his termination and that a full investigation would be launched internally.
In the article by Richard Lewis, it is said that TSM claim it has been confirmed that Peter Zhang diverted player salaries and withheld owed money amounting to over $300,000 following an internal investigation. This is in addition to the $80,000 Peter Zhang admitted he owed former TSM support Hu "SwordArt" Shuo-Chieh for selling a car on his behalf after SwordArt returned to China to play for Weibo Gaming in the 2022 LPL.
Peter Zhang admitted to the money he owed SwordArt, citing medical issues for a family member as the reason for the delay of SwordArt's repayment and vowing to pay it back. However, he denied any allegations that he had ever acted without the best interest of TSM when signing players, as well as any claims that he had taken cuts of players salaries in or out of any agent-style agreement.
In addition to TSM, Lewis also confirmed with Simpson Thacher & Bartlett LLP, who conducted the investigation, that in addition to diverting money from player salaries totalling $250,000 and still owing $45,000 to SwordArt, Peter Zhang had, as stated on stream by former TSM player Yiliang "Doublelift" Peng, borrowed money from players.
The firm stated that Peter Zhang had paid back $10,500 of $15,000 he had borrowed and that TSM's swift action prevented an additional transfer of $54,000.
In his article, Lewis states that TSM will make all of their findings public today.
A Twitlonger by TSM CEO Andy "Reginald" Dinh, who is being investigated both internally and by Riot Games, has already confirmed that Reginald was found innocent on all counts following allegations of bullying, harassment, discrimination, and inappropriate conduct by an executive.