C, D, and E Imprisonment for three years, Defendant F, G, and I for two years and six months, respectively, Defendant A, J, K, L, M, and B.

As the president of the company X (hereinafter referred to as “X”) located in the 2nd floor of the Daegu Dong-gu W building in Daegu-gu, the entire business was comprehensively controlled while operating the above company. Defendant C, as a vice president, took charge of the business activities under the direction of V. Defendant G as a managing director, and Defendant G was in charge of the business activities such as general affairs and computer as a general director, and Defendant A was in charge of the business activities such as company promotion and product advertising as a planning director. Defendant F was in charge of the business activities such as company promotion and product advertising as a planning director. Defendant F was in charge of the headquarters head in the 3rd floor of Seoul Y building, Defendant C was in charge of Busan and Chuncheon branch head in the 3rd floor of the Busan Dong-gu AA building, Defendant J was in Busan and Y branch head in the 1st floor of the Dong-gu, Busan and the 1st floor in the 1st floor of the Masan-si, and Defendant C was in charge of the 4th floor in the 2nd floor in the Ma.

Defendant

C, D, E, F, G, I, A, J, K, L, M, and B, together with V, intended to attract investment funds by sharing the above roles with the investors, and explaining the payment system, business development direction, etc.

1. A violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) and habitual fraud X have not been able to generate profits even after being induced by investment, and a considerable portion of the investment funds attracting should be disbursed to high-rate dividends, class allowances, employee benefits, office operating expenses, etc. Therefore, there is no sufficient ability to pay high-rate dividends and high-rate dividends, and there was no stable financial foundation for the repayment of the principal and interest of investment, and there was no choice to operate a business in a way that pays allowances to existing investors in order using investment funds attracting from subordinated investors. Ultimately, as long as a new investor is not induced