A defendant shall be punished by imprisonment for a term of one year and two months.

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.

Punishment of the crime

[Criminal Records] The defendant was sentenced to a suspended sentence of ten months for criminal fraud at the Seoul Western District Court on April 30, 2015 and two years for a suspended sentence of two years for criminal fraud

7. 15. The judgment became final and conclusive.

[Criminal facts]

1. The Defendant is a person in charge of the overall business affairs of each company (hereinafter “I”) while substantially operating F, G, H (hereinafter “F,” “G,” “H,” and I (hereinafter “I”) with the main focus of real estate development and implementation business, such as the sale of apartment buildings, housing, and housing, and advertisement interior. The J is a director of the said four companies, who is in charge of the management of each company’s funds, such as the management of the said four companies, and K operates L (hereinafter “L”) that is engaged in sales agency business, while performing the overall business affairs other than the fund for business planning, such as the recruitment of members, sales of housing, etc.

F From October 2013 to April 2013, F is each agent to build a new apartment by forming a regional housing association and bearing construction costs. From around April 2013 to April 2013, G, NN Housing Association, H from June 2013 to June 1, 2013, each agent is a homeless or small-sized housing owner who purchases land and directly constructs a new apartment.

Asian Trust Co., Ltd. (hereinafter referred to as the " Asian Trust") is a company that deals with the affairs of managing funds of the association for the regional housing association through a contract with the regional housing association for the purpose of transparent management of the funds of the regional housing association.

M in Busan Nam-gu P shall deposit the agency expenses in the name of F in accordance with the schedule of the payment of contributions on January 8, 2014, and use them for F. ② The contribution shall be deposited into the name of the Asian trust account and shall be deposited to the chairperson of the regional housing association.