A defendant shall be punished by imprisonment for not less than one year and six months.

An application for compensation by an applicant for compensation shall be dismissed.

Punishment of the crime

On March 8, 2005, the Defendant was sentenced to three years of imprisonment for fraud, etc. at the Gwangju High Court on March 8, 2005, and was released on December 24, 2008, and the remaining term of imprisonment was expired on January 11, 2009.

The defendant operated the office of the company E with the trade name from 503 of the Seo-gu Incheon Building D.

No one shall engage in the business of receiving contributions without obtaining authorization or permission, or making registration or report, etc. pursuant to Acts and subordinate statutes from many and unspecified persons for the future to pay the total amount of contributions or an amount in excess thereof.

Nevertheless, on October 23, 2009, the Defendant issued KRW 10,000,000 per day from June 8, 2010 to 150,000 to 1.5 million per week (excluding Saturdays and Sundays) by providing that “E is a company supplying various goods and raising high profits, and our company pays KRW 15,5420,000,000 per week if it invests 8,000,000 won in one unit of the company.” In addition, the Defendant received from 11 investors in total, as described in the attached list of crimes (1) in the foregoing manner, from that time until June 8, 2010.

As a result, the defendant was engaged in the business of fund-raising without obtaining authorization or permission under statutes or filing registration or report.

On March 8, 2005, the Defendant was sentenced to three years of imprisonment for fraud, etc. at the Gwangju High Court on March 8, 2005, and was released on December 24, 2008, and the remaining term of imprisonment was expired on January 11, 2009.

1. The Defendant violated the Act on the Regulation of Conducting Fund-Raising Business without Permission was operating an office with the trade name called “E” from 503, Seo-gu, Incheon.

Any person shall make the full amount of investments in the future from many and unspecified persons without obtaining authorization or permission, or making registration or report, etc. under Acts and subordinate statutes.