Defendant

A Imprisonment with prison labor for three years and for two years, respectively.

Defendant

A is 20 million won to the F applicant for compensation.

Punishment of the crime

Defendant A is the owner of “I real estate” of a real estate intermediary in Gangseo-gu Seoul Metropolitan Government, and Defendant B is an employee who has worked as the head of the above I real estate.

1. From February 2010, the fraud J promoted a project to purchase and develop the Seongbuk-gu Seoul Metropolitan Government K, L, and M land (hereinafter “N land”) from three persons, including the owner of the land, from around February 1, 2010, but on May 1, 2010, the said land was designated as a “Class 1” area, the development of which is absolutely impossible according to the urban planning ordinance of Seoul Metropolitan Government (e.g., the absolute preservation green zone) and suspended the project.

The Defendants, while engaging in the real estate business, had well known of the aforementioned status of the NN land while engaging in the business of real estate, were using the fact that the preparation procedure was carried out to some extent, with the lead of Defendant A, intended to attract investors and to defraud money with the name of the investment money.

Defendant

B On October 2010, at one’s house located in Hacheon-si P, Hacheon-si, Hacheon-si, Hacheon-si, B, the victim Q Q, who has carried out the Don Construction, is expected to create a strict profit by investing the building in the site. B is currently investing KRW 150 million in the current state, but it may bring about 40% of the total profit if our investment is made by additionally investing KRW 150 million in the total amount of KRW 300 million. Moreover, it would be possible that you will undertake the construction of the Don Construction before building is built and sold in the site. It would be possible that you will undertake the entire construction.”

In fact, however, any investment development project on the above N-land has not been carried out at that time, and it is limited to 1st class of Sato.