A defendant shall be punished by imprisonment for seven years.

Punishment of the crime

[Criminal Power] On June 28, 2018, the defendant was sentenced to a suspended sentence of two years by imprisonment with prison labor for a violation of the Act on the Punishment, etc. of Specific Economic Crimes (Fraud) at the Gwangju High Court, and the judgment became final and conclusive on July 6, 2018.

1. Around April 6, 2017, the Defendant stated to the effect that “Around May 6, 2017, the Defendant violated the Act on the Punishment, etc. of Specific Economic Crimes (Fraud)” means that “In the Defendant’s house located in B building C, the victim D is working in E, the monthly salary of which is more than KRW 0 million, and the amount invested in E exceeds KRW 00,000,000,000,000,000,000 won, but, if the Defendant wishes to receive such payment, he/she will receive a dividend and pay the dividend.”

However, at the time of fact, the defendant was unable to repay the money equivalent to KRW 600,000,000 that he acquired from other persons, and the defendant was willing to lend the money from the defendant to repay the debt, and even if the defendant borrowed money from the victim because there was no dividend received from E, there was no intention or ability to repay

Nevertheless, the Defendant, as such, by deceiving the victim, received KRW 40 million from the victim to the F Association deposit account in the name of the Defendant, and thereafter, received from the victim the total sum of KRW 1.697 billion from the victim up to January 25, 2018, as shown in attached Table 1 of the Crimes List, from around 110 times in total, as shown in attached Table 1.

2. Fraud;