Defendant shall be punished by a fine of KRW 4,000,000.

If the defendant does not pay the above fine, 50,000 won.

Punishment of the crime

Non-Indicted Party B is the D representative director, Non-Indicted Party E, a director of fund management, and the defendant who has overall control over the business of the company located in the second floor of Gangnam-gu Seoul Metropolitan Government building.

1. No person who violates the Act on the Regulation of Conducting Fund-Raising Business without Permission, permission, registration, report, etc. under Acts and subordinate statutes shall make an agreement to pay the total amount of investments or an amount in excess thereof to many and unspecified persons without permission, permission, etc., without permission, registration, etc

The Defendant, in collusion with Nonindicted Party B and E on December 2, 2012, explained to the effect that “We will pay a total of 50 million won and KRW 53 million from five persons in total, as indicated in the crime list, as follows, in the following manner from December 7, 2012 to December 18, 2012, the Defendant received KRW 120 of the principal of the investment by paying 20% of the principal of the investment by 20% of the investment from the date of the investment, and by paying 6 weeks of the investment.”

Accordingly, in collusion with Nonindicted Party B and E, the Defendant agreed to pay an unspecified number of money in total or in excess of the amount of money invested in the future without obtaining authorization or permission, and imported money without delay.

2. In collusion with Nonindicted Party B and E, the Defendant was unable to yield profits in connection with the auction investment at the time, and most of the investments received from investors were spent in various allowances, etc., and there was no assets or profit-making business to the extent that they would have paid profits to investors, such as there was no other profit-making business.