A defendant shall be punished by imprisonment for six months.

Punishment of the crime

The Defendant had opened an office with the name of “D” in Cheongju-si, Young-gu C and 201, and recruited investment money, thereby doing “FX ex the disadvantaged of the Korea Exchange and Exchange Agency ex ex ex ex the FX foreign currency transaction” (a transaction in which an individual directly trades foreign currency in the international exchange market, and a derivatives transaction in which an individual obtains profits from market price by investing in the exchange rate fluctuations between two countries).

1. The Defendant did not have worked in Hyundai Futures Co., Ltd., and there was no specific plan or plan to gain profits without loss of principal due to the lack of expert knowledge about the FX M&E foreign exchange transactions. Moreover, there was no particular property or income, and there was no intention or ability to pay the principal or agreed dividends even if the Defendant received money from investors even though he did not have any debt equivalent to KRW 72 million with respect to E, including the debt equivalent to KRW 34 million with respect to E.

Nevertheless, the Defendant reported the daily information newspaper around February 2013 to the victim F, who was found to be the above office, and falsely stated that “B will have a modern futures branch in Cheongju with the former origin of the Hyundai Futures Company. It is possible to pay profits by selling foreign currency accidents through Internet FX foreign exchange transactions. In this context, if 30 million won is invested, 50 million won per month will be paid a monthly profit and return the principal after 3 months without the principal loss.”

Around February 27, 2013, the Defendant, by deceiving the victim as such, received 30 million won from the victim to the new cooperation account in the name of the Defendant (Account Number G) under the pretext of investment money from the victim.

2. Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission under other Acts and subordinate statutes, or without making registration, report, etc., shall make payments for the total amount of investment or an amount in excess thereof to many and unspecified persons.