Defendant shall be punished by a fine of seven million won.

If the defendant does not pay the above fine, KRW 100,000.

Punishment of the crime

Defendant A of "2016 High 4018" is a person with no fixed occupation.

A. On October 13, 2015, the fraud Defendant stated that “If he has been admitted to a travel VIP good that is being in progress, 1.3 million won per unit of the Gu, 1.3 million won per share of 1.3 million won per share, 1.3 million won per share of the principal and profit shall be 200% per share of the principal and profit.”

However, even if the investment is paid, there was no intention or ability to pay the profit and the principal.

Accordingly, the victim C was paid KRW 1.3 million on the same day, KRW 2.6 million on October 27 of the same year, KRW 2.6 million on October 28 of the same year, KRW 2.6 million on November 26 of the same year, KRW 1.3 million on June 26 of the same year, and KRW 1.4 million on five occasions on November 22 of the same year as the foreign exchange bank in the name of the defendant.

B. Although the Defendant did not agree to pay the full amount of future investment money for business or the amount exceeding it without obtaining authorization, permission, registration, or report under other Acts and subordinate statutes in violation of the Regulation of Similar Receiving Acts and subordinate statutes, it shall not engage in an act of receiving similar receipts of money, the Defendant provided that “if 5,500,000 won are invested in 6,000 won per week, it shall be paid until every 1,300,000 won shall be paid every week” against the victim C at the date, time, and place referred to in the above “A” and operated a similar receiving business from October 13, 2015 to November 22, 2015.

On November 2015, the Defendant stated to the effect that “Around November 2016, the Defendant would make up to 200% of the principal and profits each share of KRW 1,300,000 per share if he/she has invested KRW 6,500,000,000,000 per share of KRW 6,50,000 per share of the travel VIP goods” to the victim D and E.

However, even if the defendant received an investment, he did not have the intention or ability to reduce the principal or profit.

As such, the Defendant deceiving the victims and deceiving them from the victim D on November 3, 2015 to November 1, 2015.