A defendant shall be punished by imprisonment for one year.

Punishment of the crime

The Defendant, around November 2009, was engaged in the brokerage of trade in steel with the country of India after naturalization in the Republic of Korea. On July 6, 2011, the Defendant said that “C”, a steel company located in the country of India, operating “B,” has secured 101.162 tons of “Iskak steel steel 304 breadth 1,500 - Soviet - Soviet 101.62 tons of “Iskak steel 100 tons of “Iskak steel straw.” This could be loaded within 25 days after the receipt of the down payment, and thus, sold at USD 309,555 72 cent.”

However, the fact that the defendant did not secure scocohesion and that there was no direct transaction of steel products with scocoin, and thus there was no intention or ability to ship it to the victim within 25 days after the receipt of the down payment.

The Defendant, as such, by deceiving the victim, entered into a contract with the victim to sell 101.162 tons of steel materials to US$309,555 to US$72 cent, and entered into a contract with the victim to load goods within 25 days from the date of deposit of down payment to US$92,886 US$70 cent, and then transferred USD 92,886 US$70 cent (Korean KRW 100 million) to the account in the name of D Co., Ltd. (Representative E) around July 11, 201.

Summary of Evidence

1. Defendant's legal statement;

1. Application of Acts and subordinate statutes on police statements made to F and G;

1. Article 347 (1) of the Criminal Act applicable to the crimes;