1. The defendant A shall be punished by imprisonment with prison labor for not less than two years and six months, and the defendant B shall be punished by imprisonment for not more than one year;

2. Provided, That with respect to the defendant B, the defendant B.

Punishment of the crime

Defendant

A is the person who actually operated the above company as the president of the G, and the defendant B was the representative director of the above company.

1. The Defendants’ co-principal

A. On December 3, 2007, the Defendants conspired to procure investment funds by soliciting investors through a bicycle manufacturing and sale business loan, and the Defendant Company A would pay 50% of the investment funds to the victim as dividends, since there is a lot of profit if the Defendant A sells the bicycle imported from China through a distribution network that has already been secured by attaching a control device that has already been granted a patent for invention to the bicycle imported from China, and thereby, Defendant A would have invested KRW 350,000 per unit of money.

However, the fact is that there is no intention or ability to conduct a bicycle sales business, such as producing a bicycle with a control device and without being equipped with a production facility and distribution network, and thus, it was a structure of "fluoring", which was paid to investors who later invested investments from new investors, as dividends, so the increase in the dividend to be paid to investors would have led to the increase in the number of investors.

The Defendants received KRW 350,00,00 from the victim I to March 20, 2008, including around that time, and acquired KRW 117,520,000 in total from the victims in the same way as the list of crimes from around March 2008.

(b) No 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 engage in the business of fund-raising business without permission, or making an agreement to pay the total amount of investment or an amount in excess of the amount of

The Defendants conspired with each other on December 3, 2007 at the Jeju Office.