Of the facts charged in the instant case, not guilty of fraud as to D in the instant case

[2011Gohap1398] The Defendant was the F’s representative director, F’s above F and H’s representative director located in Sincheon-si E.

1. On May 1, 2005, the fraud defendant, in collusion with I, stated that the facts charged in the F Office located in Seocheon-gu Seoul Special Metropolitan City G is H office, but the defendant acquired H around July 2005 and commenced the recruitment of investors in the name of H. As such, it is reasonable to regard the place where the defendant recruited investors as the F Office located in G as the place where the defendant recruited investors on May 1, 2005, and recognized the criminal facts as F Office by changing them ex officio.

In fact, since the defendant did not actually operate the J and did not have the ability to conduct the project, and even if he did not receive money from investors as investment money, it is in the structure of making no money to be paid to the existing investors if investors could no longer be recruited, even though there was no intent or ability to pay the principal and allowances to the victims, an investment presentation is held and a victim K purchases 680,000 square meters of surrounding land within 3 years with a point of 97,000 square meters of land owned by the Sincheon-si L, and purchases 300,000 square meters in total until 2010 and implements the project to develop the Youth Training Center, Crara shooting range, golf course, skiing ground, elderly welfare hospital.F will be 15,000,000 won and will be 155,000,0000 won and will be 155,000,000 won and will be 155,000,000 won or more from the victim's investment.

1. The injured party from that time to January 15, 2006, as indicated in the list of crimes, shall be the victim from that time.