Defendant

A shall be punished by imprisonment for a period of two years and three months, and by imprisonment for a period of eight months, respectively.

However, as to Defendant B, this shall not apply.

Punishment of the crime

"2017 Highest 4888"

1. On October 24, 2016, Defendant A’s fraud: (a) around the E coffee shop located in Busan-gu Busan-gu, Busan-do, the victim F is entitled to receive payment with KRW 400-5 million attached to the principal on December 31, 2016, if the Plaintiff borrowed money to the victim F; and (b) paid only three months.

The phrase “the phrase was false.”

However, the above defendant did not have any intention or ability to repay even if he borrowed money from the above victim.

As above, the above defendant deceivings the above victim and acquired cash of KRW 17 million from the above victim on the same day.

2. On January 11, 2017, Defendant A’s fraud, at the E coffee shop located in Busan-gu, Busan-gu, the victim G is entitled to pay 15 million won a full payment in one month, where he/she lends 15 million won to the victim G.

The phrase “the phrase was false.”

However, the above defendant did not have any intention or ability to repay even if he borrowed money from the above victim.

As above, the above defendant deceivings the above victim and acquired cash of KRW 15 million from the above victim on the same day.

"2018 Highest 1195"

3. On October 26, 2017, Defendant A’s fraud said that, “A” located in Seo-gu Daejeon Daejeon, Defendant A loaned KRW 8 million to the victim J, which would be made twice as much as it would be developed if the Defendant borrowed KRW 8 million to the victim J.”

However, the above defendant did not have the intent or ability to pay twice the money borrowed from the above victim even if he borrowed the money from the above victim.

As above, the above Defendant deceivings the above victim, and caused the said victim to borrow KRW 5 million to K around October 26, 2017, and KRW 3 million to L around October 27, 2017, and received money from the above victim to M (N) account in the name of the Defendant on October 27, 2017.

4. Defendant A’s violation of the Act on Financial Business Specializing in Credit and the said Defendant’s fraud shall be governed by the Seo-gu Daejeon, Seo-gu, Daejeon, and the Family Victim J on October 30, 2017.