On March 13, 2009, the Defendant was sentenced to a suspended sentence of two years (the part concerning the provisional crime of Article 2-2 of the judgment in the above court Decision 2008Da3403) and two years (the part concerning the crime of Article 2-2 of the judgment in the above Decision 2008Da3403) of imprisonment with prison labor for the purpose of fraud at the Seoul Northern District Court on April 13, 2009 and the decision became final and conclusive on March 21, 2009. On November 16, 2011, the Defendant was sentenced to a suspended sentence of one year and six months of imprisonment with prison labor for a violation of the Insurance Act at the Seoul Central District Court on April 25, 201, and on January 12, 2012, the judgment became final and conclusive on August 20, 2012 after being sentenced to a suspended sentence of two years of imprisonment with prison labor for fraud, etc. at the Seoul Northern District Court.

Criminal facts

On October 208, 2008, the representative E of Hongcheon-gun D Co., Ltd. D Co., Ltd. and the chairperson F, the actual operator of the said D Co., Ltd., intended to obtain a loan from D as collateral and to entrust D with D renovation work in an amount equivalent to 9.5 billion won in construction cost. However, on November 23, 1996, the above D agreed to provide D with the Defendant, a loan for D with a loan offered by G, which is a loan hub that is familiar with the financial business through G, on the condition that G-friendly victim H will receive interest from F, because the building and site were trusted to the Korea Real Estate Trust Co., Ltd. on November 23, 1996.

On October 208, 2008, the Defendant stated that “I will terminate the trust of the Korea Real Estate Trust Co., Ltd. by providing real estate, such as G, E, and F, built on Jeju-do, Jeju-do, and eight parcels of land owned by I as collateral, and the pentf, and then obtaining a loan from the Korea Real Estate Trust Co., Ltd. as collateral.” Since then, the Defendant stated that “I would make a loan to 10 billion won as collateral for D’s real estate,” and that “I would not directly withdraw it after having been prepared for a loan,” and that “I would keep it in trust company after having been kept in trust company.”