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Defendant shall be punished by a fine of KRW 5,000,000.
If the defendant does not pay the above fine, 50,000 won.
Reasons
Punishment of the crime
The defendant was a person who operated C in Gangnam-gu Seoul, an investment company, and D was a person who was in charge of investor recruitment, etc. of the above C.
1. The defrauded Defendant and D had been well aware that even if receiving the investment money from the victim E, their profit-making revenue of the insurance business that they proceed is unclear, and there is no actual other income, and if a new investor is not induced, it will eventually be unable to pay the investment principal.
Nevertheless, in collusion with D, the Defendant:
A. A. On June 14, 2010, at a cafeteria located in the New-dong, Gwangju-gu, Gwangju-gu, stating that “If an investment of KRW 35 million is made, the principal shall be repaid every 3.5 million over 10 times a week, and the remaining four times shall be paid with this fund,” the victim shall receive KRW 35 million from the victim to the new bank account in the name of D, and shall receive money from the victim for investment.
B. Around June 30, 2010, the victim made a false statement that “if the company has returned well, if the company invests more than KRW 20 million,00,000,000,000,000,000 for every ten days, the company will pay interest every six times every ten days, and the principal amount shall be KRW 20,000,000,000,000 for every seven times,” and the victim shall receive money from the victim to a new bank account in the name of D for investment;
C. On July 12, 2010, the Plaintiff, by telephone, received a false statement from the victim, stating that “if an investment of KRW 10 million is made, KRW 500,000,000 shall be paid six times as interest per ten days, and shall be paid KRW 10,000,000 as principal during the seven-time period,” and that it was wired from the victim to a new bank account in the name of D as investment money.
2. Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission, or making registration or report under other Acts and subordinate statutes from many and unspecified persons;