Defendants shall be punished by imprisonment for one year.

However, each of the above defendants is against the defendants for two years from the date this judgment became final and conclusive.

Punishment of the crime

Defendant

B On September 29, 2016, the Seoul Eastern District Court sentenced two years of suspension of the execution to four months of imprisonment for fraud, which became final and conclusive on October 7, 2016.

Defendant

B As to the construction of freezing warehouse, Defendant A, the representative director of Defendant D, purchased and promoted the instant real estate “instant real estate”, Defendant A, a corporation of Gwangju City, appointed the contractor for the “Corporation” from the said Party and borrowed KRW 200 million from the construction company of the said Party.

Defendant

B displayed a sales contract of 10.5 billion won for the purchase price of the instant real estate at the office located in Seocho-gu Seoul Metropolitan Government, Seocho-gu, on December 2, 2015, the Defendant said that “A, the representative director, will purchase the instant real estate and carry out the construction of a freezing warehouse, but did not register the transfer of real estate due to the failure to pay any balance, and if the Plaintiff borrowed 200 million won for the shortage of expenses, the said new construction will be subcontracted.”

However, in fact, Defendant A paid the down payment of KRW 250 million out of the down payment of KRW 1.5 billion under the sales contract for the instant real estate, and at the same time, Defendant A did not have any intent or ability to provide a subcontract for the instant real estate to the victims by paying the balance of the instant real estate and completing the ownership transfer registration, even if Defendant A borrowed money from the victims due to the fact that it was difficult to obtain the payment of the loan from the financial institutions in many places, and that it was necessary to pay the loan and to pay the money to be used as the company operating expenses, and that it was possible to obtain the loan to prepare the balance.

As above, the Defendants conspired to induce the victims, and to receive KRW 20 million from the victims to the International Bank account under Defendant B on December 15, 2015, as well as to receive KRW 20 million under the name of Defendant A on December 22, 201.