Defendant U’s tort committed by the Defendants is the real representative of the Investment Advisory Company (hereinafter “Z”) and the director of the internal director and the director of the marketing headquarters, Defendant X’s nominal representative director, Defendant V’s incidental name, and DefendantY’s private business entity managing the investment funds of the Z in succession. ① The fact is only a part of the investment fund in an overseas futures investment, such as the explanation to investors. The most amount was used for the return of investment funds and the payment of earnings to investors of the Z, and the most was considered to be used for the purpose of using the ZB’s investment advisory business entity to pay allowances to financial designers attracting investors. However, the part was to have invested in the Z for the purpose of using the Z’s investment fund for three months after investing the money in the overseas futures, guaranteeing the principal of the victims every month, guaranteeing investment profits in an amount equivalent to 2.5% per annum, and without obtaining authorization or permission from the Z investment advisory business entity or to deposit the funds with the Z’s investment advisory business entity without being registered or authorized.

Criminal proceedings against the defendants and the defendants' above A.

On April 4, 2016, Seoul Central District Court 2015Gohap974, 995 (Joint), 1010 (Joint) and 1021 (Joint) charged facts in the facts charged in the preceding paragraph, and the above court convicted Defendant U as guilty of each of the facts charged in violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), violation of the Act on the Regulation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), violation of the Act on the Aggravated Punishment, etc. of Financial Investment Services and Capital Markets, and violation of the Financial Investment Services and Capital Markets Act, sentenced each of 13 years of imprisonment, 7 years of

relevant. (hereinafter referred to as "related."