A defendant shall be punished by imprisonment for three years.

Criminal facts

1. The Defendant violated the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) (hereinafter “instant company”) in collusion with the representative director of D Co., Ltd. (hereinafter “C”) established for the purpose of food, micro-organism treatment apparatus, retail business, etc. (hereinafter “instant company”), the regular manager E, by receiving notification from the producing company that the contract deposit, etc. is not paid at the time, and thus the sales business of food garbage treatment equipment was impossible. Moreover, as it is inevitable for investors to raise funds without any specific profit-making business, it is not possible to pay the agreed principal and interest to investors. In addition, in the instant company office located in the second floor of Seocho-gu Seoul Metropolitan Government FF building, on March 27, 2008, the Defendant habitually obtained food waste treatment equipment and garrising machine, and obtained food waste treatment equipment, etc. from 700 million won to 150 million won to 150 million won to 150 million won to 400 million won to 700 million won to 150 million won to 1500 million won to 10000 million won to .

2. The Defendant violated the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission under other Acts and subordinate statutes or filing a registration report in collusion with E as the representative director of the instant company, and the Defendant takes charge of the overall business affairs of the instant company, including investor recruitment, management of employees, explanation of business, and explanation of payment of allowances for investment funds, and E shall manage investment funds and office.