A defendant shall be punished by imprisonment for two years.

Punishment of the crime

On September 209, the Defendant, as the representative director of C, who promoted real estate development and sale business, purchased 10,000 square meters of land of Gyeonggi-gun E (hereinafter “instant land”) from D in an amount of KRW 4 billion and divided it, and tried to carry out the business of selling it after development (hereinafter “instant business”).

However, the Defendant, with no property, borrowed money from another person or received investments from D to pay the down payment of KRW 400 million for the instant land from another person, and thereafter received the sales price from another person after selling the instant land to receive the sales price, and had the intention to pay the intermediate payment of KRW 1.6 billion for the instant land and KRW 2 billion for the remainder of the sales price.

1. In September 2009, the Defendant was the victim F, the victim G, the victim H, the victim J, the victim K, the victim K, and the victim L, and the Defendant’s investment funds against the victim F, the victim F, who met the victim F, and the victim “it was found that the purchase cost would be 150% of the principal within one year of the investment in the land.”

If there is more person to make an investment, the said person made a false statement "a request for continuous introduction."

However, in fact, the Defendant either received money from a person who does not have any property or income from another person or thought to conduct the instant business by receiving or lending money from another person, and thus did not have the intent or ability to pay 150% of the principal within one year as promised by the victim. In other words, the Defendant had no intention or ability to purchase the instant land in an ordinary amount of KRW 4 billion and no intention or ability to proceed with the instant business, and some of the money received from the injured person was thought to be used as

As such, the Defendant deceivings the victim, and thereby deceivings the victim, to the Agricultural Cooperative Account in the name of the Defendant Co., Ltd. on September 30, 2009, 29 million won.