On April 17, 2015, the Defendant was sentenced to two years of imprisonment for fraud in the Suwon District Court's Sungnam branch, and the judgment became final and conclusive on September 30, 2015.

1. 2015 highest3498

A. On May 15, 2012, the Defendant made a false statement to the victim D that “If an investment is made in the tin business through a person working in the Chinese Embassy where he/she is well aware of, the Defendant would make a short-term profit to 10% of the investments in the tin business. If only a certain amount of money is leased, the Defendant would return the money with a high interest rate at a short-term rate.”

However, in fact, the defendant did not have a plan to invest in the original project, and was thought to use the above money for repayment of personal debt.

As above, the Defendant, by deceiving the victim as above, received from the victim the amount of KRW 40 million on June 21, 2012 from the victim’s foreign exchange bank account (E), KRW 20 million on July 4, 2012, and KRW 10 million on July 5, 2012, respectively.

B. From the end of July 2012, the Defendant: (a) made a false statement to the victim D that “I wish to sell a house owned by a person; (b) I wish to sell a house owned by a person at a price lower than that of the face value; (c) I borrowed KRW 45 million from a house as collateral, I want to sell a house owned by a person; and (d) I want to sell a house owned by another person.”

However, in fact, the defendant did not have a plan to purchase the house, and was thought to use the above money to pay the individual debt.

On August 23, 2012, the Defendant, by deceiving the victim, had the victim obtain a housing mortgage loan, and was delivered KRW 45 million to the said foreign exchange bank account on August 23, 2012.

2. 2015 highest 4351;

A. On January 17, 2014, the Defendant stated that “The Defendant would repay money to the Defendant in his/her own name when he/she invests in money to the Defendant, i.e., Sungnam-gu Seoul Special Metropolitan City 1202, Seongbuk-gu G building 1202, Sungnam-gu, Seoul Special Metropolitan City.”

However, the defendant did not have a plan to purchase gold.