A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

1. On August 5, 2016, at the C office located in Gangnam-gu Seoul, the Defendant: (a) around August 5, 2016, he/she is a synthetic language of “robo” and “robo-advis robot”, meaning “robo” and “odvisor”, and (b) an automated service program, which seeks to seek advice and management of an individual’s assets by utilizing algorithm based on the information on the investor’s input investment inclinations; (c) through B, he/she will pay an amount equivalent to 10% of the investment fund and interest equivalent to 10% per month to the investor. When the domestic company operates one year, it is 200 to 300% of the rate of return; and (d) to raise investors and attract investors,” with the intent of “C” and “investment companies.

On August 15, 2016, the Defendant drafted a payment note for KRW 50 million on the part of the said victim G, stating that “A company that creates profits through the Rodrid program exists, and invests KRW 50,000,000,000,000 shall be paid every month. It does not mean that a robot shall lose its money to a foreign company invested, and the principal may also be received if six months elapse.”

However, in fact, the Defendant invested in the Robrid program and did not have any record of harming the FX transactions, and did not have confirmed whether D actually had the ability, experience, and qualification to pay the above profits. The Defendant, while working as an investment solicitor for a similar fund-raising business entity, such as H, I, and J, even before that, did not pay the profits, etc. to investors in the above business entity, received a claim from the direct investors. The “C” company is similar to the above similar fund-raising business entity and its operating method and investment conditions.