Defendant

A Imprisonment for 4 years, 1 year of imprisonment for Defendant B, 10 months of imprisonment for Defendant C, and 6 months of imprisonment for Defendant D.

Punishment of the crime

Defendant

A on June 12, 2014, the Seoul High Court sentenced a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) to three years and six months, and terminated the execution of the sentence on December 13, 2015 at the Seoul Southern Southern Detention Center.

Defendant

B On August 8, 2013, an offender was sentenced to six months of imprisonment with prison labor due to a crime of aiding and abetting, etc. at the Seoul Northern District Court on February 17, 2015. On October 19, 2017, the Seoul Northern District Court sentenced on two years and six months of imprisonment with prison labor due to a crime of forging private documents, etc. at the Seoul Northern District Court, and the judgment became final and conclusive on the 20th of the same month.

Defendant

C On October 19, 2017, the Seoul Central District Court sentenced one year and six months to the charge of forging private documents, etc., and the said judgment became final and conclusive on January 25, 2018.

Defendant A, “2017 Highest 9114,” established a large number of old-age corporations, followed by each corporation’s overall responsibilities, G, and H’s role in manufacturing and selling documents necessary for the establishment of a large-type corporation according to the order of the said general responsibilities, and Defendant B, Defendant C, Defendant C, and Defendant D et al., who are in the role of delivering documents necessary for the establishment of a large-scale old-age corporation or opening a passbook according to the above I’s order. The Defendants, along with the above G et al., continued to establish a old-age corporation, open a large-scale bank and distribute the passbook according to the aforementioned division of roles.

1. On May 4, 2016, Defendants A, B, and C’s act of forging private documents and exercising the above investigation documents are entitled to exercise authority for the establishment of a bankbook in the name of the head of Si/Gun/Gu in a non-permanent place without authority, and “the proxy name: D, resident registration number, and the above person’s agent: (i) omitted; (ii) designate the above person as his/her agent; and (iii) delegate the authority to:

1. Opening a new bankbook;

2. Issuance of cash entry cards;

3. New subscription to the Internet banking; and