A Imprisonment with prison labor for 17 years, for 5 years and 4 months, and for 2 years, respectively.

Defendant A, from November 24, 2014, from around November 24, 2014 to around 705, 742 (Joint) of the Republic of Korea, (i) from the Seocho-gu Seoul Metropolitan Government M, (ii) from around December 30, 201, (iii) from the Gangnam-gu Seoul P, (iv) from around December 30, 2016, overall control over the development of investment products and the management of investment funds, etc., and (iv) established in the name of Defendant B, ( state) and ( state), and ( state) established in the name of the head of the above R, C, and (State) established in the name of the head of the above R, C, and (State) established in the name of the head of the above R, 8 Team under the name of the Defendant, and (State)Y established in the name of the Defendant, and (State) and (State)A.

1. (States) Crimes related to R;

(a) No person who violates the Act on the Regulation of Similar Receiving Activities and the Act on the Financial Investment Services and Capital Markets and Financial Investment Business (Defendant A and B) shall enter into an agreement to provide an unspecified number of unspecified persons with the full amount of contributions or an amount in excess thereof in the future without obtaining authorization, obtaining registration, reporting, etc., in accordance with other Acts and subordinate statutes, and no person shall engage in a financial investment business (collective investment business) unless he/she obtains authorization for a financial investment business pursuant to the Act on the Financial Investment Business and Capital Markets;

Nevertheless, Defendant A and B established R to invite investors through approximately 230 business employees on condition that 8-10% of the investment amount is paid as allowances, and received the investment amount from Defendant A to Defendant A’s personal account or R’s corporate account, with intent to invest in derivatives such as futures options.

Accordingly, from January 2, 2015, Defendant B invested in derivatives such as AC, AD, AE, and installment savings type in the R office located in the Seocho-gu Seoul Metropolitan Government and the Gangnam-gu Seoul PP building through mobile phone apps, etc. with the employees of the business, with “AC, AD, AE, and installment savings type financial products, the money will be 200 index, futures option, etc., and the interest and principal will be guaranteed as a result.