Defendant

A Imprisonment with prison labor of one year and six months, and Defendant B shall be punished by a fine of 15,00,000 won.

Defendant .

Punishment of the crime

[criminal record] On May 12, 2017, Defendant A was sentenced to imprisonment for a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) at the Seoul High Court on March 12, 2017 and the above judgment was finalized on September 26, 2017.

[Criminal facts]

1. Defendant A, as the representative director of K’s Internet NAV car page interest, L, etc., was urged to pay damages from the victims of fraud who suffered losses by investing in M and L, etc., the similar receiving organization, Defendant A, who received the investment money, had the intent to receive the investment money under the pretext of restoring the damage.

(a) No person who violates the Financial Investment Services and Capital Markets Act shall engage in financial investment business without obtaining authorization for such business from a financial member's meeting;

The defendant would raise investment funds from investors under the pretext of investment in unlisted stocks without obtaining an authorization from the Financial Committee member's association for financial investment business (collective investment business) and pay profits at the time of realizing profit by operating the funds.

Financial investment business (collective investment business) such as raising investment funds from investors, with fixing the amount of money.

On December 17, 2015, the Defendant is expected to purchase unlisted stocks if it invests in the stock investment goods of the IG listed IT companies listed in the SPAC listed in 01 at the office of M&A located on the first underground of Gangnam-gu Seoul N, Gangnam-gu, Seoul.

When the unlisted stocks are listed on April 30, 2016, 15% of the investment funds will be paid as profits, as well as the guarantee of principal.

If additional profits occur, M&D loss will also be repaid.

“Around December 15, 2015, the Plaintiff received KRW 10,000,00 from the said H to the national bank account under the name of the Co., Ltd. (hereinafter “B”) around December 14, 2015, as described in the attached Table of Crimes, from December 14, 2015 to December 30, 2015 by the said method, raised the total amount of KRW 987,50,000 from 157 to December 30, 2015 as indicated in the attached Table of Crimes. The amount collected as above is to purchase non-listed stocks.