Defendant

A Imprisonment with prison labor of one year, Defendant B and C, and Defendant D shall be punished by imprisonment with prison labor of ten months, and Defendant E.

Punishment of the crime

Defendant

A is the representative director of the M business entity established for the purpose of selling goods, buying, and selling by proxy, and selling by-house, etc. under the Guro-gu Seoul Metropolitan Lwork 309; Defendant B is a person in charge of managing investors’ allowances as business directors of the above M business entity; Defendant C is a person who solicits investors while conducting a business explanation on the method of distributing investment proceeds with the president of the above M Daegu Daegu branch and vice president; Defendant D is a person who solicits investors by conducting a business explanation on the method of distributing investment proceeds from the above M Daegu branch to the Daegu branch office as business directors; Defendant E is a person who solicits investors by conducting a business explanation on the method of distributing investment proceeds from the above M Daegu branch office to the 10th 20 H branch office; Defendant F works for MM branch office; Defendant G is a person who solicits investors by offering investors from November 1, 201 to December 12, 2011; Defendant G is a person who solicits investors from 10 to 20 H branch office to 10.2

No one shall conduct a business of importing investments under an agreement to pay the total amount of investments or an amount in excess thereof to many and unspecified persons in the future without obtaining authorization or permission, or making registration or report, etc. under Acts and subordinate statutes.

Nevertheless, on November 1, 201, the Defendants did not obtain the authorization or permission of the competent authorities, and at the above MM head office office, the Defendants “ever our company operates the O and P Internet goods sales and auction site, thereby raising profits, and later at Hong Kong.