Defendants shall be punished by imprisonment for two years.

Punishment of the crime

"2011 Highest 2642"

1. On January 26, 2008 - around 27, 2008, the Defendants made a false statement to the effect that “The victims would be able to gain a large amount of profit if they purchase factory sites at low prices and sell them in low prices, making an investment h., which may bring more than 50% of the principal invested within three months as well as the principal invested.”

However, in fact, the Defendants purchased a factory site and did not have experienced several times from the process of selling the factory site in the civil engineering works, and there was no way to left a lot of profits in the above method, so there was no intention or ability to return the principal and profits within three months to the victims.

Nevertheless, the Defendants conspired to induce the victim as above and it was transferred from the victim to Defendant E’s agricultural bank account for investment around January 28, 2008.

2. The Defendants falsely expressed a real estate development plan to the victims of the military chamber of commerce and industry located in the Mapo-dong, 1135-2 around April 15, 2008, in order to receive additional money from the victims, in the situation that the amount of money invested by the victim I had been arbitrarily used by the victim I, as described in paragraph 1, in order to receive additional money from the victims, even though they did not return the principal and earnings.

However, the above real estate development plan was voluntarily prepared by the Defendants, without a specific plan, to the effect that the Defendants would sell the land to about 850 million won and make profits from the sale to about 1.25 million won for three months after purchasing the land, and the Defendants did not have any intent or ability to return the principal and profits even after receiving the money from the victims.

Nevertheless, the Defendants conspired to induce the victim and belong to it.