A defendant shall be punished by imprisonment for not more than ten months.

However, the execution of the above punishment shall be suspended for two years from the date this judgment becomes final and conclusive.

Punishment of the crime

The Defendant, as the representative of the C Company in the vicinity of the Guro-gu Seoul Metropolitan City, and the actual operator of the C Company, the Defendant, while operating D and C Company, agreed to guarantee the principal and to pay high-interest profits to investors while receiving investments.

1. Around August 2012, the criminal defendant against the victim E stated, “If he/she invests KRW 3,00,000,000 in an in-house side business age office located in Guro-gu Seoul Metropolitan Government, he/she would pay KRW 3,610,400 each week to the victim E for eight times in total.”

However, the C company operated by the Defendant together with D operated the business by way of repaying the principal and profit of the senior investor with the subordinated investor’s investment in the lower-tier investor’s capital (one-time “one-time”) due to the lack of special profits. From June 2012, since the money to be paid profit was the mother and child, the Defendant personally borrowed money and paid the profit, the Defendant did not have the intent or ability to pay the money as promised to the victim even if he received the investment money from the victim.

Nevertheless, the Defendant received 3.15 million won in cash from the victim to the end of August 2012.

Accordingly, the defendant was given property by deceiving the victim in collusion with D.

2. On August 31, 2012, the Defendant said on August 31, 2012, 2012, the Victim F, the Defendant said, “If 20,160,000 won is invested in an internal-run map, 2,560,000 won a week shall be paid 6 times a week to the Victim F, and thereafter, the Defendant would pay KRW 23,040,000 in total by paying KRW 1,920,000 each week to 4 times a week.”

However, C companies operated by the defendant together with D carry out the business (one-time "hicker") by way of repaying the principal and profits of senior investors with the investment funds of junior investors since there is no special profit.