A defendant shall be punished by imprisonment for not less than three months.

Punishment of the crime

On June 15, 2017, the Defendant was sentenced to seven years of imprisonment with prison labor at the Seoul Central District Court for fraud, etc. and was still pending in the Supreme Court. On June 29, 2017, the Defendant appealed to the Seoul Central District Court for eight months of imprisonment with prison labor for fraud, etc. and is currently pending in the appellate trial.

The defendant is a person who is called a so-called business entity of AI.

around January 2015, the Defendant, at an office in Gangnam-gu, Seoul, intended to manage domestic investors, such as remitting’s transfer of investment funds to the said company by domestic investors, and H and I, manage subordinate domestic businesses, and introduce the said business to the said investors, under the pretext of investment activities of AI-invested futures, an executive of an index futures investment company located in Australia, including AJ, AK, a domestic business entity, E, D, etc., which is an investment company in the AI index futures in Australia.

The Defendant, in collusion with AJ, E, D, H, etc. on July 2015, in the office in Gangnam-gu Seoul Metropolitan Government, provided GD with an AI program and provided data to GD, and GD presents the program provided by H in the office in Gangnam-gu Seoul Metropolitan Government GE Buildingtel to the victim GF, and “AI is a company in Australia, and is a stable company in which financial restructuring is disclosed.

GG investments in 4% per week, 6% per week, and 8% per week if investments in GH are made.

Investment proceeds may be claimed for each two weeks.

In addition, it was said that the full amount of the investment money will be returned at any time.

However, AI has only a place of business in Australia, and it is not clear that it has substance, and is capable of investing in normal index futures.