A defendant shall be punished by imprisonment for not more than ten 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.

Punishment of the crime

C (hereinafter referred to as “C”) had against many unspecified persons on the virtual currency of “D” (E), which is the virtual currency made by the F, as the virtual currency of “D” (hereinafter referred to as “E”), based on the virtual currency of Bitcoin.

One does not change at all according to exchange rate, unlike bitcos;

The defendant is the C Center head (H and I) of Gwanak-gu in Seoul Special Metropolitan City, Seoul Special Metropolitan City.

The above F (N) takes charge of the management of investment funds as C Chairperson, and J (NL) takes charge of the affairs of management of investment funds, etc., and K (NL) takes charge of the head office that exercises overall control over a multi-level sales management computer system, such as payment of investment funds and allowances, and K (NL) takes charge of planning marketing plans, such as the organization of sales organization, allowances structure, etc., and performing visits to each center and presentation for investment promotion to encourage the heads of each center to give direction and sell their subordinate salespersons, and the Defendant takes charge of the role of the head office of the Center as a top-tier business entity that solicits investors by receiving a promise from the above F, etc. to receive allowances, etc. according to its subordinate salespersons recruitment and sales performance, while managing its members, while soliciting investors.

No one shall engage in any financial transaction without any transaction of goods, etc., or actually engage in financial transaction by pretending the transaction of goods, etc. through a multi-level marketing organization or any similar organization that is comprised of persons by stages.

Nevertheless, the Defendant, as the head of the C’s center located in G 612 in Gwanak-gu in Seoul Special Metropolitan City, from October 18, 2015 to October 1, 2016, at the above Center, against many and unspecified persons, “130,000 won (10,000 won as the base amount for the payment of allowances), 390,000 won (30,000 won as the base amount for the payment of allowances), 650,000 won (50,000 won as the base amount for the payment of allowances), 1.3 million won (1,00,000 won as the base amount for the payment of allowances), and 3.9 million won.