A defendant shall be punished by imprisonment for one year.

Punishment of the crime

[2016 Highest 895]

1. The Defendant, in violation of the Act on the Regulation of Similar Receiving Acts, would raise a lot of investment returns to investors in the office located in Seo-gu, Daegu-si, Daegu-si, on April 2015.

In order to attract investment money by inducing the Internet Roster, the author posted a letter stating that “1 million won for one unit, 80,000 won after 15th day of the first profit, and 1 million won after 25th day of the second profit (payment after 15% deduction), i.e., payment of KRW 7,30,000,000,000,000,000,000,000,000,000,000 won,” and received from around the 13th day of the same month to the post office account (F) account in the name of the defendant from around the 13th day of the same month, from around the same month to the 22th day of the same month, five investors were transferred in total seven times in total, as in the list of crimes in attached Form.

The Defendant breached the Act on the Regulation of Similar Receiving Acts and Subordinate Statutes by promising payment of the total amount of investment or the amount in excess thereof in the future without obtaining authorization, permission, or filing for registration pursuant to the above Acts and subordinate statutes.

2. Each Defendant posted the foregoing article on the Internet Round at the date, time, and place mentioned in the above 1.1.

However, the Defendant did not have any specific preparation for the loan business planned by the Defendant, which led to the failure to yield profits, and the fact that it is anticipated that the high rate of profit promised cannot be paid unless the new investor continues to be confined, and thus, there was no intention or ability to pay the agreed profits within the short period.

The Defendant received a total of KRW 21 million from four victims (excluding G in the list of crimes in the attached Form) of the said investor as the foregoing method from the said investor.

As above, the defendant had taken each part of the property by deceiving the victims.

[2016 Highest 1043] Defendant is a member of the local reserve forces, and around June 2015.