Defendant

A and B shall be punished by imprisonment with prison labor for a year and six months, and by imprisonment with prison labor for a year.

except that this judgment.

Punishment of the crime

To the extent that it does not impede the Defendants’ exercise of their right to defense, some of the facts charged were ex officio corrected.

L from December 2, 2015, as the representative director of the fourth floor of the Songpa-gu Seoul Metropolitan Government MM building (main N), controlled the business of the said company, and the O from February 2, 2016, was in charge of explaining the business and soliciting investors as the managing director of the said company. P from around December 2015, was in charge of preparing data, such as business explanation meetings, website, compensation franchise, etc. as the inside director of the said company.

Defendant

Since March 2016, Defendant A paid investment money to the company from around April 2016, Defendant A, who recruited subordinate business entities and participated in the class of the head of the headquarters, and Defendant B paid investment money to the company from around April 2016, and was in the class of head by inviting subordinate business entities.

No one shall engage in financial transactions without any transaction of goods, etc., or make actual monetary transactions by pretending any transaction of goods, etc. using a multi-level marketing organization or any similar organization that is composed of persons who have joined a multi-level marketing organization or any similar organization; and no one may engage in the business of raising funds from many and unspecified persons under the agreement to pay the total amount of investments or an amount exceeding the amount of investments in the future without obtaining authorization or permission, making registration, or making a report, etc. under statutes. (State) N did not obtain any authorization or permission for receiving funds.

In addition, even if one (State) N received money from investors for the purpose of investment in Q development projects located in Gyeongcheon Kim and R development projects located in North Korea, only entered into an initial contract with the original development right holder of each project and did not obtain any administrative authorization, permission, etc. necessary for the acquisition of development right or development, so sales and profits have been generated.