Defendant

A Imprisonment with prison labor for a year and six months, Defendant B, C, D, E, and G, and Defendant F shall be punished by imprisonment for a year and eight months, and Defendant H.

Punishment of the crime

1. Basic facts

A. From September 201 to September 2015, K (hereinafter “K”) was operated as a law to prevent a return, such as raising approximately KRW 700 billion of investments from individual investors in approximately 30,00,000, and guaranteeing the payment of principal and final profits for approximately KRW 158.7 billion among them, as well as paying the investment money that has been received from the new investors to the existing investors.

L as the vice head of the future strategy office in the K, L was engaged in the activities of discovering and examining investment sources, including real estate development projects, and M, N,O, P, Q, R, etc. as the head of the business team.

On April 2015, LA proposed that “the person operating the company through private equity fund that can raise funds from private investors and make profits more short-term,” and the aboveO, etc. that accepted it, as well as the aboveO, etc., intended to invite individual investors in a similar operating method as K.

B. On February 27, 2015, the above L, etc., with accomplices (hereinafter “T”), shall be organized by dividing C Co., Ltd. on June 10, 2015, UU (hereinafter “U”), Co., Ltd. V (hereinafter “V”), Jun. 24, 2015, and W Co., Ltd. (hereinafter “C”) on July 6, 2015 (hereinafter “C”) and X (hereinafter “X”) by the following: (a) developing investment goods, the number of investment issues of T, “Y”, “Z”; and (b) the investment issues of V into “AA”; and (c) dividing WJ into the head office, Cheongju Branch, Busan Branch, Busan Branch, Busan Branch, Busan Branch, Daegu Branch, Daegu Branch, Daegu Branch, and Jeju Branch; and (d) organizing C0 business titles.

In May 2015, L, etc., “AB” (hereinafter “AB car page”) includes a special private equity fund that can make a small investment from at least one million won unit.