A defendant shall be punished by imprisonment for not less than eight months.

Punishment of the crime

In order to stabilize the residence of homeless workers with no special security, the Ministry of Land, Infrastructure and Transport has operated the system of loan for the entire house loan which provides loans at a interest rate lower than the market interest rate if an application for a loan is filed with only certain documents such as a certificate of employment, detailed statement of salary, etc. without any special security, and a deposit contract.

However, the fact that a financial institution entrusted with the affairs related to the loan of the lease on a deposit basis provides a loan only after making an oral examination and lending. The lending broscers recruited false lessees and those who will act as a lessor, and then prepare a false certificate of employment and a written lease contract to the lessee in the name of the lender. The false lessee applies for the loan of the lease on a deposit basis to the financial institution for the submission of documents related to the false employment and a written lease contract for the lease on a deposit basis as above. The lessor cooperates with the preparation of the above lease contract while the lessor makes a request for confirmation of the existence of the contract for the lease on a deposit basis at the request of the financial institution to verify the existence of the contract for the lease on a deposit basis, while performing their respective roles such as withdrawing the loan on a deposit basis and distributing the loan upon receipt of the loan after applying for the loan on a deposit basis.

The general responsibility C directly recruited false lessees or ordered the recruitment of the recruitment to the elderly persons, and D, E, upon C’s instruction, solicits false lessors or lessees, and F and one person “G” provided forged documents related to employment, such as a certificate of employment, and provided false lessees with the false tenant, while managing the elderly persons who will act as a false tenant, and conspired to acquire house leasing funds in order with false lessees.

Defendant is a H-official broker located in Gyeyang-gu Incheon around July 22, 2014 according to the above public offering.