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In regard to the crimes of No. 1 and No. 2 in the judgment of the defendant, a fine of KRW 3 million shall be imposed on the crimes of No. 3 in the judgment of the defendant.
Reasons
Punishment of the crime
[Criminal Power] On September 4, 2009, the Defendant was sentenced to the suspension of the execution on April 29, 2010 to the Seoul Central District Court for the crime of violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud).
[2014 Highest 1997]
1. From August 2008, the Defendant: (a) began to engage in the network extraction business in Mongolia; (b) had been invested in KRW 600 million from many investors; (c) had been failed to return it; (d) had been responsible for investment of KRW 900 million from many investors in Mongolia; and (e) had no other property; and (e) had only created an investment policy data that only created an investment policy data that would create high-profit profits without any specific basis that could create profits from the said network extraction business; (b) even if having received investments from investors, it did not have the intent or ability to distribute profits; and (c) had D who had invested in the said network extraction business but failed to recover the investment money, and had the investors of the said development business so that the investment can be reduced by 10% of the investment dividends from two months after the investment.
On April 2012, the Defendant had D make an investment scheme to the victim C, stating that “A shall be paid 10% of the investment amount as dividend after two months from the date of investment, where a person who is a member of Mongolia has developed stone in Mongolia with high profitability, and has invested development expenses in Mongolia with high profitability,” and that it shall be paid 30 million won from the victim on April 27, 2012.
5.4. 20 million won was remitted to D’s account and acquired a total of KRW 50 million under the pretext of investment.
[2014 Highest 4950]
2. The defrauded of the Victim G is the Defendant from August 2008, in Mongolia.