Defendants shall be punished by imprisonment for eight months.

Punishment of the crime

On August 9, 2012, the Defendants were sentenced to two years for a violation of the Act on the Regulation of Conducting Fund-Raising Business without Permission by the Daejeon District Court, and were released on June 28, 2013 by Defendant A, Defendant B, and Defendant B on May 16, 2013, respectively, and the parole period passed on August 27, 2013.

1. C’s financial multi-level organization and Defendants’ status C invested money from September 2014 to March 2017 to an unspecified number of unspecified individuals for the purpose of purchasing “D”, which is an electronic virtual currency, it is an illegal financial multi-level company that received investment money in a multi-level manner on the ground that its value can increase to a number of times and to increase to a number of times and to make profits for a short period. E and F are the highest business operator, who was in charge of opening, managing, and operating a multi-level domestic similar organization for the sale of virtual currency such as D, and who was in charge of selling virtual currency through the said organization, and the above C established a center in a major city across the country.

The Defendants are those who have managed investors, such as the receipt and delivery of investment funds under the above F Management, such as explanation of investment against investors, delivery to the said F, management of the payment rate of allowances, and opening and delivering the “D” virtual currency account in the name of investors.

2. No person committing a specific crime shall conduct any financial transaction without any transaction of goods, etc., or conduct any actual financial transaction under the pretending the transaction of goods, etc. by using a multi-level marketing organization or any similar organization composed of persons who have joined such organization by stages;

Nevertheless, the Defendants, upon receiving the said F’s order or F’s instruction from November 2014 to July 2015, 1200,000 won (the base amount for payment of allowances) and 2.4 million won in their own name, when soliciting investors to many unspecified people at H, Jeonju-gun I, Gangnam-gu, Seoul, and Jeonju-si, Seoul, as well as from July 2015.