A shall be punished by imprisonment with prison labor for four months and by imprisonment for eight months.

However, the two years each from the date this judgment becomes final and conclusive.

Defendant

A was sentenced to two years of imprisonment for fraud in the High Military Court on November 15, 2018, and the judgment became final and conclusive on January 10, 2019, and Defendant B was sentenced to one year of imprisonment for aiding and abetting fraud in the Gangwon District Court on April 28, 2020, and the judgment became final and conclusive on September 16, 2020.

1. Defendant A, “The 2020 Highest 951,” had been attracting investors by stating that he/she had worked as a middle-ranking company at the headquarters of the 8th Army branch of the Army, from October 2014 to the surrounding persons, that “I would make an investment in stocks, and will pay 3% interest per month.” A, around August 2015, has been attracting investors on the ground of an unregistered investment company, i.e., “C,” and has been making an investment in stocks.

Defendant

B From October 15, 2016, Defendant A received KRW 3 million per month from Defendant A at the office of “C” located in Gangnam-si, and Defendant A discontinued to work at “C” among September 2017, when Defendant A’s work as a soldier for the main business, by investing its shares on behalf of Defendant A, attracting its branch investors, and posting a notice of the schedule of domestic symptoms, investment information, etc. at the KaKaka Stockholm Stockholm Stockholm Stockholm that was operated by Defendant A. As from the end of December 2016, Defendant A was unable to receive normal monthly pay from Defendant A from the end of December, 2016. < Amended by Presidential Decree No. 27779, Sep. 9, 2017>

A. Although anyone is not allowed to receive money from an agreement to provide funds to many and unspecified persons for business purposes without obtaining authorization or permission under other Acts and subordinate statutes or making registration or report, he/she shall not make a payment of the total amount of investments in the future or an amount exceeding the said amount of money. The Defendant A explained to the effect that, on October 1, 2014 through November 11, 2014, he/she shall not obtain authorization or permission for banking business, etc. for which the principal may be guaranteed and the amount of investment may be received, and that, at the place, within the territory, etc. of the head of the 8 Gun branch office located in Gangseo-si, Chungcheongnam-si, Seoul Special Metropolitan City.”