A defendant shall be punished by imprisonment for not less than eight months.

However, the execution of the above punishment shall be suspended for two years from the date this judgment becomes final and conclusive.

Punishment of the crime

On August 17, 2016, the Defendant was sentenced to imprisonment with prison labor for a period of ten months for a violation of the Act on the Regulation of Conducting Fund-Raising Business without Permission at the Gwangju District Court, and the judgment became final and conclusive on June 29, 2017.

B and C, from August 2015, without obtaining authorization, permission, registration, reporting, etc. from the competent authorities, recruited the Defendant, etc., the head of the branch office in the Gwangju area, while operating the E office on the first floor of the Seoul Gwanak-gu Seoul Special Metropolitan City D Building, who is the head of the branch office in the Gwangju area. The Defendant, while working as the head of the Gwangju-gu Seoul Special Metropolitan City Ftel G Office, provided explanation to the general public and provided an explanation that 2% of the daily investment amount shall be paid until 200% of the annual investment amount, if he/she entered the association.

No one shall make a promise to pay the total amount of contributions or the amount in excess thereof in the future without obtaining authorization or permission, making registration or report, etc. under Acts and subordinate statutes, and receive contributions from many and unspecified persons without obtaining such authorization or permission.

The Defendant, in collusion with B and C, shall obtain authorization, permission, registration, reporting, etc. from the competent authorities. On January 4, 2016, the Defendant may receive support points, mileage points, etc. from the E- Gwangju District Branch to H to KRW 110,000,000 from KRW 110,000 (one unit) to KRW 9,000,000,000,000,000 from the day following the payment of the investment amount. When making the payment of the investment amount, the Defendant shall pay the investment amount to KRW 200,00 each day, and if recommending the subordinate investors, the Defendant may receive 30% of the investment principal paid to the subordinate investors, 20% of the investment principal paid to the subordinate investors, 20% of the investment principal of KRW 30,00,00 from the subordinate 3 through 5, as well as support points, mileage points, mileage points, etc. from the above investment amount received through various profit-making businesses, such as I shopping mall.