A defendant shall be punished by imprisonment for not less than two years and six months.

Punishment of the crime

"2018 Highest 5641"

1. No person who violates the Act on the Regulation of Conducting Fund-Raising Business without Permission, etc. from the competent authorities shall make an agreement to pay the full amount of contributions or an amount in excess thereof in the future, and shall receive the contributions;

Nevertheless, around October 2017, the Defendants conspired to receive investment money from many unspecified persons, after they also engaged in the role of attracting investors and holding a business explanation meeting, and Defendant D conspired to receive investment money from many unspecified persons.

In addition, at the above office on November 8, 2017, the Defendants explain to the effect that “AF, a large number of unspecified persons, has invested in the virtual currency investment specialized in virtual currency, such as Bitco, makes profits from at least 2% per day. When investing in the Kitco, 10% of the investment amount shall be paid as an allowance, 20-30% per month may be made, and principal shall be guaranteed. In particular, “F, a grandchild of the former president E, who is well aware of high-class investment information, is working as the team leader to the Financial Supervisory Service,” and received 5,00,000,000 won from the victim G to the account under the name of H (IJ) used by the Defendants, and received from March 16, 2018 KRW 16,290,900 in total,00,000 from that time to March 16, 2018.

As a result, the Defendants conspired to receive money without delay.

2. In fact, even if the Defendants received the investment money from the victims listed in paragraph (1) for the purpose of investment in virtual currency, they were paid 10% of the investment money to investors as allowances, and there was no profit-making business that can definitely pay 20-30% of the monthly profit, and the investment money received from the victims are existing investors.