The defendant shall pay to the plaintiff KRW 53,630,078 and KRW 484,00,000 from May 13, 2010 to March 30, 2016.

Facts of recognition

C around August 2004, D decided to acquire 70% of the shares of E Co., Ltd. (hereinafter “E”) at KRW 30 billion, but the acquisition fund was not raised, but the Defendant issued a list of subscription payments for F commercial buildings (hereinafter “F”) to be newly constructed under the name of E Co., Ltd. without any authority with the Defendant, and recruited buyers at will, and received money from them as subscription money.

However, the fact was that Frane's sales business was not a building permit or commencement, and C was not a pre-sale prior to the commencement of the construction without the permission of the Korean National Railroad, which is the competent authority, and C was a de facto retired state.

The defendant was well aware of this fact.

When the Defendant and C received the demand from the said investors to return the investment funds, as above, the Defendant and C intended to recruit the persons who will receive the sales agency business of the I shop (hereinafter “I shop”) newly built in Songpa-gu Seoul, Songpa-gu, Seoul with G and receive the money from them as the pre-sale price, in order to prepare compensation for damages and project costs for the said investors.

On March 29, 2007, the Defendant, C, and G were issued KRW 484,00,000 (hereinafter “the instant money”) by deceiving the Plaintiff at the J Office of G Operation Co., Ltd., Ltd., that I would sell the first floor of KRW 1A70 (hereinafter “instant commercial building”) to the Plaintiff even though I had not received any delegation from the said Association as an agency for sale or as a purchaser, and even if I did not have the authority to sell the commercial building.

The defendant and C were indicted for committing the above fraud and they were related to the defendant's imprisonment with prison labor for two years and three years with prison labor for three years. The defendant and C were convicted on July 4, 2012.