A defendant shall be punished by imprisonment for three years.

Punishment of the crime

The defendant, as the head of Gangdong-gu Seoul Metropolitan Government D (hereinafter referred to as "the above company"), is a person in charge of the business of attracting investors under the direction of E, the chairperson of the above company, and then remitting the investment money to China. E is the president of the above company, who is in charge of the above company's business with F in China, such as the establishment of a business plan for credit business, singing room, etc. and the management of investment money. The F is a person who engages in credit business, etc. in Gyeyang-gu G in China, Seongbuk-gu, North China, and transfers the investment money held by it to China. H is a Chinese shipbuilding company, and H is a person who lends the name of the business operator so that E and F can conduct business in China, and manages funds remitted from Korea. And I, J and K are in charge of the business of attracting investors as the branch president of the above company, the "branch president", the "office director", and the general staff.

1. Around April 28, 2009, the Defendant: (a) requested F to prepare an investment contract with the content that the said company invests in the Chinese company in order to utilize the investment fund in the absence of any funds from investors in the state of “L hotel” located in Gyeyang-gu G in Chungcheongnam-gu, China; (b) upon the request, F prepared a formal investment contract with the “N Limited Corporation” as the representative of the Chinese shipbuilding M and the said company; (c) the Defendant presented it to many unspecified investors, and (d) conspired to acquire investments from many unspecified investors by deceiving the said company as if it concluded a contract with the Chinese company that carries on stable business, such as pawnpo, credit business, real estate business, etc., in China.

Accordingly, the defendant, around June 2009, did not have any business funds at the office of the above company, and the investment contract entered into with the Chinese company was an agreement on distribution of profits.