A defendant shall be punished by imprisonment for four years.

Punishment of the crime

1. The Defendant established HF franchise companies using D, E, F, and G, and formed a prior conspiracy to receive investment funds from investors in a multi-level manner, and intended to operate the company by sharing the roles of D, I, J, K, and L agricultural partnership companies, the Defendant, the representative director of the KF association and the auditor of the KF association, E, the representative director of the KF association, and F, who will act as the director of I, J, K and J.

However, since the above companies run a business in such a way that they did not actually engage in other investment businesses and received investment proceeds from investors and returned them to investors, it is a structure in which profits cannot be reduced for investors later after a certain period of time. Although they cannot receive investments from others even if they received investments, Defendant et al., even though they did not receive investments from investors, they would not receive investments from investors, make investments in the Hp franchise, M business, etc. 1.1,100,000 won for one unit of investment to receive investments, and the above companies received 33,845 won of dividends, including principal and interest, at least 34 times a week from the following week, paid a total of 43 times dividends and paid 1,550,000 won (70% per annum) by paying a total of 43 times dividends, and when re-investment, they held an investor recruitment allowance in the class of the company as a director by means of a special agreement, etc.

A. On February 12, 2008, the Defendant established I in the 2nd floor office of the building in Daegu-gu, Daegu-gu, Inc., and the victimO, such as D, E, F, etc.