A defendant shall be punished by imprisonment for four years.

Punishment of the crime

The Defendant is a real estate investment company in New Zealand, C and D, and a company E, a Korean corporation, etc.

1. Around June 2007, the Defendant against the victim F, G, H, I, and J would be able to purchase at least two times a rate of return by resale to a local person within two years, and expect at least two times a rate of return by a local person. Around August 2007, the Defendant, at the victim F, G, H, H, and I, and I, are operating a real estate investment company in New Zealand, and at home and New Zealand, several real estate-related companies are operating in New Zealand, and at the same time, he/she is currently working in New Zealand PP S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S Ss S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S Ssssss S S S S S S S Ssssssssssss.

In addition, the defendant, around August 2007, recommended the victim FF, H, I, Q, etc. to visit New Zealand. After showing his business sites in P, R, and S, the defendant explained the business contents showing stability and profitability to the above victims to further believe the defendant's horses.

However, the Pweals development project is a business that constructs a housing site and constructs a new house by obtaining a PF loan from a financial institution. The Tweals development project did not complete the civil engineering work in the land seller for more than two years since the project was conducted, other buyers than victims have been rarely secured, and most of the land subject to the project is only secured ownership for the Sweals 1 among the land subject to the project.