A defendant shall be punished by imprisonment for six months.

Punishment of the crime

On February 24, 2012, the Defendant was sentenced to a suspended sentence of three years on the one year and six months of imprisonment for fraud at the Suwon District Court, and the judgment became final and conclusive on March 3, 2012.

Around July 25, 2007, the Defendant concluded a sales contract with the purport that “E” shall be sold to the victim H of the said electric source housing site in the G office located in Young-gu, Suwon-si, Suwon-si to the effect that “When paying the sale price, the Defendant would sell the housing site for electric source and make a registration of transfer of ownership without any burden by selling the housing site for electric source and by selling the housing site for electric source to the victim H of KRW 19,500,000,000,000.”

However, in the course of implementing the housing site development project from around 2005, the Defendant loaned most of the estimated purchase price of land and construction cost of 4.2 billion won to a financial institution, bond business operator, etc. As to each of the above forests and fields, at the time of March 2007, the Defendant had already established two cases causing a maximum maximum debt amount of 2.38 billion won and borrowed funds from the financial institution. Thereafter, around May 14, 2007, the amount of the maximum debt amount of 6.55 billion won and the mortgage amount of 351 million won and around December 3, 2007, the amount of the above housing site development project was not completed with interest rate of 6.5 billion won and the total amount of interest rate of 975 billion won and 5.5 billion won and the above housing site development project was not completed with interest rate of 3.5 billion won and all of the above housing site development project was not completed.