A defendant shall be punished by imprisonment for one year.

Seized evidence 2 or 3 shall be confiscated.

Punishment of the crime

On January 1, 2017, the Defendant misrepresented the staff of a financial institution and conspired to make a loan to an unspecified number of people at a low interest rate. The Defendant made a false statement to the effect that “the money is deposited in a designated account to repay the existing loan.” The Defendant made a recommendation to reduce KRW 1.50,00 per day from a person who is in the name of the organization that caused the fraud of the telephone finance (one-name “Sishing”), to “one hundred and fifty thousand won per day” from a person who is not in the name of the organization that caused the fraud (one-name “Sishing”), and then, he/she made a solicitation to have the amount of damage caused by the telephone finance transferred the amount of damage by cash from another officer to the designated account and deposited it into the designated account.

On April 21, 2017, the name infinites can loan KRW 50 million at a low interest rate by telephone call to C at an infinite place on April 21, 2017 and misrepresenting the employees of the Korea Savings Bank.

In order to make a loan possible, the details of the deposit and withdrawal transactions in the current account should be generated, and we would request our company's female employees to withdraw the remitted money and deliver it to our company's female employees, and waiting in the vicinity of the new financial center in Yongsan-gu Seoul Metropolitan Government, and the defendant introduced C as the employee of the savings bank in consideration of C at around 10:50 on the same day and confirmed C's identity.

On the same day, a person in unsound name may borrow KRW 25 million on the condition that he/she redeems 7% interest rate for five years in 7%.

In order to make a loan available, the payment of the existing loan would be made by making a false statement to the account designated by us, and the victim transferred KRW 9,801,00 to a new bank account in the name of C around 15:06 on the same day.

After that, the name-free person calls C at around that time and withdraws the money deposited into the current party account.