Defendant shall be punished by a fine of KRW 8,000,000.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

1. Around July 2017, the Defendant: (a) operated the corporation, “B,” a corporation, a corporation, a corporation of the Plaintiff-B, with the purchase of the Sari-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri-ri

However, the Defendant did not use the investment funds received from the victims in progress of the Liuri Project, but planned to use them for private purposes, such as repayment of personal debt and payment of individual meal expenses. At the time, the Defendant spent considerable portion of the investment funds received from the investors of the Liuri Project, such as the victims, and was in a situation in which the Defendant returned the earnings from the investors of the Liuri Project from the subordinate investors to the investment funds received from the subordinate investors, and was in a situation in which the Defendant did not have the intent or ability to pay the investment profits to the victims properly. The Defendant was a plan to cut off contact with the victims and lock up them from the next month after receiving the investment funds of the Liuri Project.

On July 28, 2017, the Defendant received KRW 300,000 from the victim to the account (Account Number D) in the name of the Liber Project Investment Bank Co., Ltd. on July 28, 2017, and on August 2017, the Defendant received KRW 1,00,000,000 from E in a way that the Defendant received direct transfer from E.

Accordingly, the defendant deceivings the victim and defrauds 1.3 million won in total.

2. Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without Permission shall be prescribed by the finance-related statutes;