A defendant shall be punished by imprisonment for two years.

Of the facts charged in the instant case, the charge of the relevant embezzlement is not guilty.

Punishment of the crime

1. The Defendant is a person who is engaged in real estate brokerage business under the name of “C (former change of name) Authorized Brokerage Office,” and the Defendant: (a) obtained permission to sell the forest land of this case in Jeju E 40,713 square meters (hereinafter “the forest land of this case”) during auction at Jeju District Court and divided it into several parcels; (b) obtained economic benefits by changing the purpose of use and selling it at a high price; and (c) obtained economic benefits by selling it at a higher price; and (d) the funds necessary therefor, centering on a person who personally knows around, intended to invite investors with a minimum unit of KRW 50 million.

On February 17, 2009, the Defendant, along with the wife F, expressed as the victim G (CJ), I, J, K, L (Amm M) [The victim in this case is either an association comprised of investors (or a union itself (or the defendant's friendly K does not apply to any mother or any relative case after filing a complaint with the defendant) and the remaining investors except the Defendant for convenience.)

hereinafter the same) Orderly contact with the others, “The amount of KRW 3 billion in front of theO located in N at Jeju,” but the court auction did not sell to the third party, so the price has been increased.

If the sale price is KRW 1.07 billion, the sale price is KRW 1.0 million, and the principal invested by selling in installments within one year is recovered and the remaining land is divided according to the investment share with respect to the remaining land. The acquisition price and registration price will be KRW 50 million. The expenses necessary for the sale in installments are required to exceed KRW 80 million, and the total expenses will be KRW 1.2 billion.2 billion.

As there are a number of people to make investments, it is possible to make investments.

“The investment was recommended by explaining the concept of the above project.”

The defendant recruited investors as above;