A. Defendant X operated AC on the 8th floor of Gangnam-gu Seoul AB Building (hereinafter “AC”), a person who has overall control over the design, financing, and enforcement of investment products; DefendantY operated AE (hereinafter “AE”); a person who operated AF (hereinafter “AF”); a corporation in Gangnam-gu Seoul Metropolitan Government AB building; a person who was in charge of education of investment solicitors; the Defendant AE operated AG (hereinafter “AG”) on the 6th floor of Gangnam-gu Seoul AB building.

B. The Defendants shall not engage in the business of receiving investments in the future from an unspecified number of persons without obtaining authorization, permission, registration, reporting, etc. under any Act or subordinate statute, and shall not engage in an act of receiving investments in the future. However, the Defendants shall be punished by imprisonment with prison labor for up to 3.8% for an unspecified number of victims by making an agreement with the offices and facilities, such as investment solicitors, to guarantee the principal and a certain ratio of profit, and by making an investment solicitor pay to an unspecified number of victims about an amount exceeding the amount of investment in the future. In the event of Defendant X and Y, the Defendants committed a violation of the Act on the Regulation of Unauthorized Collection of Funds and to provide a security for the principal as stipulated in the agreement even if they received investments from an unspecified number of unspecified persons, and even if they did not have any intent or ability to pay the principal and profit at maturity, and thus, they shall be punished by imprisonment with prison labor for up to 3.8 years and imprisonment with prison labor for up to 14 years, and imprisonment with prison labor for up to 13 years and 14 years of March 20, 2017.