A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

On September 3, 2015, the Defendant was sentenced to 13 years of imprisonment with labor for a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) by the Seoul High Court on September 3, 2015, and the judgment became final and conclusive on January 14, 2016.

C From the beginning of 2004, in Jongno-gu Seoul and 78 lots, the Jongno-gu E-do heart redevelopment project was implemented and completed September 28, 2007 and the “F” of 20 stories above ground and 20 stories above ground (hereinafter “G”) began to operate the membership sports center on the second and third floors below the building and sell membership rights.

At that time, at the time of redevelopment business, the Defendant had been under pressured by K non-real estate trust company (hereinafter “KB real estate trust”) to be used as the above sports center on January 15, 2008, and obtained a certificate of preferential benefit right as collateral and received a loan of 56.2 billion won in total from the Nonghyup Savings Bank, Korea Electric Cable, and Korea Promotion Mutual Savings Bank, etc., and received a security deposit from the members of the Sports Center at the end of December 2007. In short, the Defendant did not have any intent or ability to return it at future, even if he received a security deposit from the members of the Sports Center.

Nevertheless, the Defendant, at around January 22, 2008, did not notify the victim J of the conclusion of a security trust agreement with respect to the above B301 at the International Sports Center Business Headquarters Office in Jongno-gu Seoul Metropolitan Government, through employees affiliated with C, and did not notify the victim J of the conclusion of the security trust agreement with respect to the above B301, the Defendant would be entitled to membership of the sports center and return the security deposit in the event of a deviation after five years.

“A false representation was made.”

The defendant is the victim as above.