[Defendant A and C] Defendants shall be punished by imprisonment with prison labor for six months.

However, for two years from the date this judgment becomes final and conclusive.

Punishment of the crime

Defendant

A is the representative director of the Dispute Resolution and the defendant C is working in the Dispute Resolution and has been in charge of the management of funds and the raising of investors, and the defendant B is in charge of the role of investor recruitment in the Dispute Resolution Resolution D.

1. On October 7, 2010, the Defendants conspired with the victim E to make a false statement to the victim E at the (State) D office located in the Seoul Special Metropolitan City, Gwanak-gu Seoul Special Metropolitan City F, stating that “On the other hand, our company will pay 140% of its investments every 300,000 won if it invests money in the company making the fund at the end of Jeju-do.”

However, the Defendants did not intend to pay 140% of the investment money even if they received the investment money from the victims because there was no fact that the Defendants made the fund with the horses in Jeju-do, and such plan was not finalized.

As a result, around October 8, 2010, the Defendants conspired to induce the victim and received KRW 7,200,000 from the Defendant’s Japanese bank account (Account Number: G) and received KRW 19,80,000 from October 27, 2010 as stated in attached Table 1.

2. On September 1, 2010, the Defendants conspireded with the victim H to make a false statement to the victim H at the (State) D office located in the Seoul Special Metropolitan City, Gwanak-gu Seoul Special Metropolitan City F, stating that “On the other hand, our company will pay 140% of its investments every 300,000 won to the company making the fund at the end of Jeju-do.”

However, the Defendants did not have any intention or ability to pay 140% of the investment money even if they received the investment money from the victims because they did not have made a fund with the speech of Jeju-do and such plan has not been finalized.

As a result, the Defendants conspired to induce the victim as above and received KRW 9,306,00 from the Japanese bank account (Account Number: G) around September 1, 2010 from the victim, and the Defendants received KRW 9,306,00 from the victim, and attached Table 2. from that time until November 3, 2010.