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Defendant
A Imprisonment of one year and six months, and one year of imprisonment for Defendant B, and ten months of imprisonment for Defendant C, Defendant D, E, F, G, and H, respectively.
Reasons
Punishment of the crime
Defendant
B On September 11, 2018, the Suwon District Court sentenced 10 months of imprisonment and 2 years of suspended execution to the violation of the Financial Investment Services and Capital Markets Act, etc., and became final and conclusive on September 19, 2018.
No one shall establish or operate a financial investment instruments market without permission for an exchange under the Financial Investment Services and Capital Markets Act.
Nevertheless, around October 2016, Defendant A purchased a private futures trading site called “J”, “K”, and “L”, which are linked to I securities company’s HTS, as a program that imitates the securities company or orders for trading stocks by using a computer at home or at work without using a telephone, using the fact that it is necessary to deposit more than a certain amount of money in order to trade domestic and foreign derivatives, such as futures trading in an Exchange, etc., and that there is no deposit, it is difficult for an investor to conduct futures trading, etc., and at the same time, Defendant A opened the said private futures trading site by inviting members to recruit those who want to use the said private futures trading site as its members, with a view to operating the said private futures trading site by acquiring fees and losses from its members at the time of trading.
Accordingly, Defendant A is in charge of the overall control over the said private futures site and the withdrawal of deposits from around October 2016 to May 2019, and Defendant B is in charge of the management of the said private futures market site from around October 2016 to May 2018; Defendant C is in charge of managing the employees of the said private futures market site from around October 2016 to July 2017; Defendant D is from around October 2016 to around September 2017; Defendant E is from around February 2017 to around May 2019; and Defendant F from around July 2018 to around July 2018.