A defendant shall be punished by imprisonment for not less than three years and six months.

Punishment of the crime

[Criminal Power] On January 9, 2015, the Defendant was sentenced to five and half years of imprisonment for fraud at the Seoul Central District Court, and the judgment became final and conclusive on March 26, 2015.

【Criminal Facts】

The defendant is the chairperson of the I Co., Ltd., a planning real estate company, and BI is the representative director of the above company.

The Defendant and BI concluded a sales contract with only the down payment in physical color for the real estate in the area of Jeollabuk-do, and concluded a sales contract with the business employees to advertise as if there were various kinds of development plans, etc. using newspapers, news reports, and scrap for the possibility of development in the region by employing the business employees, selling land to the business members, and receiving money from the members of the business to acquire it from the general public. BI performs the overall control over the business upon the Defendant’s order, and the Defendant recruited to take charge of the overall management of the business site selection

The amount of KRW 300 million per month was required as employees' wages, office rents, telephone expenses, and other office operating expenses. In the case of selling land, the amount of KRW 100 million from KRW 150 million per month to KRW 150 million was required as the commission for sale of land to be paid to the executives and employees of the company. However, the only revenue of the company's land that is the only revenue source was merely required to pay the company operating expenses even though it was merely required to pay the company operating expenses. Therefore, even if the company purchased the land by borrowing the land as security, the company did not have the intention or ability to fully transfer the ownership because it did not have the intention or ability to pay the loan. Moreover, the land subject to sale was not allowed by the

Nevertheless, on March 28, 201, the Defendant and BI recommended the victims BK to purchase the BL land at the office in the office of the Icheon-gu BJ in Seocho-gu, Seocheon-gu, Seocheon-gu, Seoul, and the above land has high investment value.