Defendant

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

However, this judgment is delivered against Defendant B.

Punishment of the crime

Defendant

A is a person who has developed a one-time electronic computer system in the Philippines so that he/she can receive the investments in C (C; hereinafter referred to as “C”) which is an illegal multi-level financial fraud company in the Philippines, and has managed the electronic computer system, and Defendant B is a person who has received and managed the “D” electronic computer system from Defendant A.

The Defendants, together with E, F, etc., copied a fake currency used for multi-stage fraud, and thus, it is practically impossible for the Defendants to use the fake currency in the city as it has no value, and it is also impossible for the Defendants to use it in the city, and it was based on the virtual currency, i.e., a fake currency that imitates a non-tcoin in the computer figures (a fake currency made by E).

One of the Litcos asserts that the sale would not change at all according to the exchange rate, unlike the Bitcoin, the government intended to offer high profit to many and unspecified people in a multi-level manner.

Accordingly, E shall exercise overall control over C's affairs as the chairperson, and F shall exercise overall control over D's multi-level sales management system, such as investment funds and payment of allowances, as the head office, and Defendant A, upon receiving a request for D's electronic development from the E, F, etc., around October 2015, developed and managed all electronic computer systems, such as G's electronic wallets, website, mobile apps, manager pages, etc. so that investment funds can be received from D, and Defendant B, upon introduction from Defendant A from June 15, 2016, intended to play a role in managing D's electronic computer system.

No one shall use a similar organization in multi-stage to conduct any monetary transaction without performing any transaction of goods, etc. or actually engage in financial transaction under the referring to any transaction of goods, etc.

Nevertheless, from October 16, 2015 to October 1, 2016, E, F, etc. are located in J office in Gangnam-gu Seoul, J office in Suwon-si, K in Suwon-si, M office in L, and Gangnam-gu Seoul N.