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A defendant shall be punished by imprisonment for not less than one year and six months.
Reasons
Punishment of the crime
1. The Defendant violated the Foreign Exchange Transactions Act by soliciting investors who intend to engage in exchange-related transactions by depositing certain deposits and expected the decline in the value of foreign currencies, such as US dollars or Japan, which is the means of foreign payment, within a range of 50 to 200 times the deposit money, and thereby seeking exchange profits, and allowing investors to engage in exchange-related transactions with foreign futures companies without going through a legitimate business entity authorized by the competent authorities.
The Defendant, while working as the secretary of the D church located in Daejeon Dong-gu, Daejeon, could enjoy a high profit every month when doing business using the automatic trade program developed by him/her, and by soliciting the above church believerss, such as E, F, G, etc., notified the e-mail address of the I (J) or K (L) that he/she will work for Washington, and provided the Defendant with the e-mail address, or explained the Defendant on the method of directly engaging in the fX marina trading.
In addition, the Defendant opened an Internet site trading ID in the management of M company, which is necessary when trading in the FX M, a foreign futures company registered with the UK futures association, to E, F, and G through name I, K, and had the Defendant remit the deposit to the financial account of M company, and had the Defendant use the above automatic trading program with the Defendant.
Accordingly, G had G engage in a total of KRW 38,635,917 between September 3, 2012 and July 25, 2014, and had E engage in a total of KRW 45,922,080 between October 29, 2012 and April 25, 2014, and F engaged in a total of KRW 19,251,600 from July 21, 2014 to December 19, 2014.
Accordingly, the defendant provided foreign exchange brokerage services without obtaining authorization from the competent authorities.
2. The defrauded Defendant paid licensing costs to the Victim G on August 2012, 2012.