However, the execution of the above punishment shall be suspended for a period of two years from the date this judgment becomes final and conclusive.

D and E, a similar recipient company, offered investment funds to a large number of unspecified people from around August 2015, 2015, to invite investment in the company and invite or invite subordinate investors. The Defendant, while working as the head of the above company’s racing branch, conspired with the above people to receive investment funds under the pretext of receiving investment funds equivalent to 200% of the investment funds by operating shopping mall to the large number of unspecified people.

Accordingly, the Defendant, along with D, obtained authorization, permission, registration, etc. from, or made a report to, the competent authorities. From the office of F 2nd century on October 2015, the Defendant paid to investors an investment amounting to KRW 110,000 from KRW 110,00 to KRW 9,000.00 per day after the payment of the investment amount is made. 2% of the annual revenue from the day after the payment of the investment amount is made. The Defendant, upon recommendation of the lower investors, paid the revenue amount to KRW 200,00 per day until the said investment amount reaches KRW 30%, 20% of the principal of the investment amount paid by the lower-class investors, KRW 20% of the principal of the lower-class investors, KRW 3 to 5, KRW 100,00,000 from KRW 20,000 to KRW 106,000,000 from KRW 20,000,016.

Accordingly, in collusion with D, E, etc., the Defendant did not register or report without obtaining authorization or permission under the relevant laws and regulations.