A defendant shall be punished by imprisonment for not less than one year and six months.

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

Punishment of the crime

The Defendant, in Gyeonggi-gun-gun Group C, engaged in the business of selling remaining articles of automobile insurance, purchased a vehicle from an automobile insurance company, which was invested by investors from August 2012, and subsequently destroyed a vehicle due to a traffic accident, and received it from an automobile insurance company, and paid the profits that the Defendant promised to investors while conducting the business of repairing it.

From 3 days to 10% of the investment amount, the Defendant received initial investment, and repaid the investment amount by adding the profits equivalent to 10% of the investment amount to 10% of the investment amount, but no profit was realized. Ultimately, from January 2013, the Defendant has been so called the so-called “fashing”, such as receiving new investment amount and using it for the purpose of repaying profits from existing investment amounts.

1. The Defendant violated the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) against the victim E in relation to the crime of violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) did not intend to return the principal and 10% of the profits within one week even if the Defendant received an investment from the victim E in the name of the purchase price for the external loan from the victim E, in a situation where, since from January 2013, it was impossible to return the profits requested by the investors from the above “D” office, it received new investment funds, and appropriated it for the repayment of the existing investment funds.

Nevertheless, the Defendant received a total of KRW 690 million from June 19, 2013 from the victim, including transfer of KRW 38 million from the victim to the Agricultural Cooperative (G) account in the name of F, under the pretext of the purchase price of the vehicle involved in the same day, to the effect that the Defendant would request the victim to invest in the purchase price of the vehicle as he/she purchased and repaired the vehicle in which the internal traffic accident occurred from the insurer, and then sold the vehicle within a week.