Each application for compensation filed by an applicant is dismissed.

Defendant

A is the chairman of the JJ, the chairman of the K K, and the defendant B is the representative director in the second floor of the I building in Sungnam-si, the second floor of the I building in Sungnam-si.

1. No person who violates the Act on the Regulation of Conducting Fund-Raising Business without Permission shall make an agreement to pay the full amount of contributions or the amount in excess thereof in the future and receive the contributions without permission;

Nevertheless, from October 21, 2011 to March 28, 2012, the Defendants: (a) at the Jeju J Office, Defendant A took overall charge of the management of employees and fund management; (b) urged employees to attract investment; and (c) Defendant B conspired to receive investments from investors in charge of attracting investors and providing individual investment consultation.

Accordingly, Defendant B, at the same place on October 21, 201, treated investors L, and “StateJ” shall treat all insurance companies. 600% if you pay money. 600% if you pay money. Within one month, 60 million won may be at the rate of 15% per month per month.” In the business explanation, Defendant B received from L the transfer of KRW 20 million from L to the account under the name of the National Bank in the name of the JJ on the same day as the investment deposit, and received 15 times in total from L, H and F from June 29, 2012 as stated in the attached list of crimes.

2. Fraud;

A. On October 21, 201, according to the above public offering, the Defendants: (a) used the position of the president; (b) managed funds such as deposit of insurance money in the president’s room; and (c) Defendant B provided the victim L with an explanation of investment as above.

However, in fact, the monthly income of the J is the amount of KRW 200 to KRW 3 million, and the amount of the company interest with the investor’s funds is fully paid KRW 5 million per month. Thus, even if the investor received an investment from the victim, he did not have the ability to increase sales and profits within a short period of time by using such investment funds.