A defendant shall be punished by imprisonment for six months.

However, the execution of the above punishment shall be suspended for a period of two years from the date this judgment becomes final and conclusive.

Punishment of the crime

On July 16, 2015, the Defendant was sentenced to two years of imprisonment for a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) in the Seoul Southern District Court on July 16, 2015, and the judgment was finalized on November 7, 2015.

The Defendant, from April 2008 to November 201, 2014, borrowed money from the steel pipe C, who is a person operating the steel pipe C, and (ju) first L&C, sought to enter into a guarantee insurance contract with the victim Seoul Guarantee Insurance and the insured (ju) for the purpose of repayment as the guaranteed amount. However, even though the Defendant attempted to enter into a guarantee insurance contract with the amount of the borrowed money as the guaranteed amount, it did not conclude the guarantee insurance contract with respect to the simple monetary consumption lending and lending from the Seoul Guarantee Insurance, by submitting a false goods supply contract with the intention to avoid concluding the guarantee insurance contract.

On May 29, 2014, the Defendant: (a) purchased goods from the third party selling the goods and supplied them to the third party (State). (b) On June 3, 2014, the Defendant drafted a false contract for the supply of goods to the third party selling the goods; (c) on June 3, 2014, the Defendant submitted the contract for the supply of the goods to the third party selling the goods from the third party selling the goods to the third party; and (d) on June 3, 2014, the Defendant submitted the contract for the supply of the goods to the third party selling the goods from the third party selling the goods from the third party selling the goods to the third party; and (e) on June 3, 2014, the Defendant submitted the contract for the supply of the goods to the third party to the third party office of the Seoul Guarantee Insurance Co., Ltd. located in Jongno-gu, Jongno-gu, Seoul; (e) the victim guaranteed Co., Ltd. and (e) executed the payment guarantee insurance contract for the goods from the third party.

After June 9, 2014, the defendant borrowed 50,000,000 won from the first T&C.