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A defendant shall be punished by imprisonment for six months.
However, the execution of the above punishment shall be suspended for a period of two years from the date this judgment becomes final and conclusive.
Reasons
Punishment of the crime
No one shall engage in a business receiving similar investments under the agreement to pay the total amount of investments or an amount in excess thereof to many and unspecified persons in the future without obtaining authorization or permission, making registration or making a report, etc. under other Acts and subordinate statutes.
1. C In collusion with D and E on March 2015, the Defendant is to operate the name of “F farming association corporation” under which the Defendant was registered as the representative director; the representative director is changed to D; and the “C farming association corporation” is to operate the “C farming association corporation.” The E is in charge of profit-making business, such as raising and managing chickens, processing and distributing meat; D is in charge of raising investors and managing investment funds in relation to the above profit-making business; and the Defendant is to take charge of investor recruitment business.
The Defendant, in collusion with D and E, without obtaining authorization or permission under the relevant laws and regulations, stated that “C Agricultural Partnership Co., Ltd. located in Yong-si population G” received total of KRW 30,000 from the victim H to May 17, 2015, the Defendant: “When investing money in D and E’s entrusted business, the Defendant invested the said money in the business; and from the date of investment from the second week to the first week, 7.5% of the investment amount; 7.5% of the investment amount; 5% of the investment amount; 5% of the investment amount; and 5% of the investment amount in the third week; and from the fourth week to the fourth week, the Defendant paid profits repeatedly at intervals of 8 months; and from April 10, 2015 to May 2015, the Defendant received from the victim H the total amount of KRW 30,000 from the victim H to the first week.
Accordingly, the defendant in collusion with D and E without obtaining authorization or permission under the laws and regulations.
2. The purpose of the crime related to I Co., Ltd. is to process and distribute agricultural and livestock products;