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Defendant
A Imprisonment for three years, and Defendant N, for eight months, respectively.
However, this judgment against Defendant N.
Reasons
Punishment of the crime
Defendant A is the representative director of the LAR which engages in the production, planning, etc. of performances, and Defendant N is a person who works as the relative of Defendant A as an investment recruitment book.
1. On September 2016, Defendant A’s fraud: (a) opened an investor meeting at a church located in Yangcheon-gu Seoul Metropolitan Government and its neighboring carpet, etc.; (b) held the meeting at that place as if it were investment experts with career experience such as Scrack, T Graduate School, U Group Planning and Coordination Office, V Financial General CFO, W management general CEO, etc.; and (b) at that place, Defendant A’s victim X (Y2016) who participated in the investor meeting is expected to bring profits to KRW 20 million if it invests in the performance of Y2016 Seoul; (c) the principal amount is guaranteed if it is invested in KRW 10,000,000,000,000 won; and (d) thereafter, around December 2016, the principal amount is guaranteed; and (d) as if it continued to pay dividends from the public performance of Y2016 Seoul, it is guaranteed that an investment was made at the time of performance, performance, performance, and investment of AB.
However, in fact, the above academic background and social experience of the defendant did not have been at all as well as investment experts. In fact, in the public performance Y2016 Seoul Y2016, only a loss of approximately KRW 70,000 won was incurred, the defendant paid the investment proceeds by the method of return, such as paying the investment proceeds with the funds paid by new investors, etc., and the majority of the defendant's public performance was not finalized, but merely planned or consulted with the victim, so there was no intention or ability to guarantee the principal or pay the high profit through public performance investments even if they were invested by the victim.
The Defendant is the victim as above.