A defendant shall be punished by imprisonment for not less than two years and six months.

Punishment of the crime

The accident B of "2018 Highest 1190" is a person who was the president of the corporate association C, and the defendant has served as a person who has invested funds from members of the foundation in stock and distributed profits.

On March 2016, the Defendant and the above B made a false statement that “A will make an earning rate of 4.5% per month by making an equity investment with money if he/she paid the time limit money after taking part in the 20 million won number system,” and the Defendant would make a false statement that “I will seriously prejudice the Defendant’s interest.”

However, in fact, since the investment return of stocks at the time is not so good that it is distributed to the existing investors with the investment money of a new investor, it was not capable of operating the investment number system of the above high-income, it was issued from the victims the sum of KRW 212,690,000 from the 16th day of the same month to August 21, 2017, as shown in attached Table 1.

In this way, the defendant, in collusion with the above B, deceiving the victims, thereby deceiving the victims a total of KRW 212,690,000.

"2018 Highest 1720" Defendant began to hold shares of KRW 50 million in the first capital of KRW 250 million to the victim H in the Seoul Building on June 2013, 2013, the Seoul Office on the second floor, the second floor, and made up to KRW 250 million in capital.

In accordance with the issue of stock investment return, 41% to 25% have been included in the return on investment.

If there is a surplus fund, it shall be limited to investment in the subjects.

The principal will also be guaranteed as profits every six months by calculating the interest of 8% per month on the principal by making an investment in shares with the invested money, and paying the principal as profits every six months.

‘False speech' was made.

However, in fact, the Defendant paid dividends to the existing investors with the investment deposit of new investors because the rate of return on stock investment exceeds -0.19%.