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All of the instant lawsuits are dismissed.
Litigation Costs shall be borne by U law firm.
Reasons
1. Basic facts
A. The Defendants were indicted at the Seoul Central District Court on suspicion that they committed crimes, such as violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), as executive officers of AC Co., Ltd. (hereinafter “AC”) or representatives of “AD”, a company managing investment funds of the said company.
(Seoul Central District Court AE, AF (Joint), AG (Joint), and AH (Joint). On April 4, 2016, the above court recognized the following criminal facts, sentenced the Defendants to conviction, and ordered the Defendants to pay damages to 2,466 victims.
Defendant X is a real representative of AC; Defendant Z is a director and director of marketing; Defendant AA is a nominal representative director; Defendant Y is a unit tag; Defendant AB is a private enterprise managing investment funds of AC. AB is a nominal representative. A.
Around March 2015, the Defendants of the violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) made a false statement to the effect that “If the Defendants are entrusted with investment funds to AC, they will invest the funds in overseas futures, guarantee the principal after three months, and guarantee the investment returns equivalent to approximately 2.5% per month.”
However, the Defendants thought that most of the above investments were to be used for the purpose of using AI investors and AC investors to return their investments.
The Defendants, as seen above, were remitted to KRW 138,031,00,000 in total from 2,993 victims, including deceiving the victims.
(b) Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission or making registration or report under Acts and subordinate statutes shall agree to pay the principal in the future in full or in excess of the principal, and shall be made under the name of deposits, installment savings, installments, deposits, etc.