A shall be punished by a fine of 2,00,000 won, and a fine of 50,000 won, respectively.

The above fine is imposed against the Defendants.

“C” is a company established and operated by D, etc. for the purpose of receiving and acquiring investment funds through multi-stage-based multi-level-based-level-based-based-based-based-based-based-type-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based-based------------------------------------------------------------------------------------.

From July 2014 to August 2014, the Defendants conspired to invite subordinate investors by participating in the above project with hearing the business explanation from G, the head of the Daejeon District Center.

Accordingly, at the office located in Ulsan-gu H around August 28, 2014, the Defendants’ above profits are guaranteed against many and unspecified persons, such as I, without obtaining authorization, permission, registration, reporting, etc. under statutes.