A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

[2013 Highest 1838]

1. Around October 6, 2011, the Defendant entered into a gift certificate supply contract with D to run the home ctel 1709 office in Gangnam-gu Seoul Metropolitan Government (Seoul Ctel 1709) in order to operate the home ctel merchandise coupon business and the public book store business related thereto, but the Defendant was in the situation where D requested D to terminate the contract and returned the investment amount of KRW 10 million on August 201 because it was not properly recruited, and there was no other business entity or investment entity that pays the investment amount in a stable state of receiving the return of the investment amount, and there was no other business entity that pays the investment amount and there was no other investment entity nor any other business entity that pays the investment amount to the existing investors. Accordingly, even if the Defendant received the investment amount from an unspecified large number of investors, the Defendant made a payment of the investment amount of KRW 200,000,000,000,0000,000,000,00 won.

As above, the Defendant, by deceiving the victim as above, received from the victim E a total of KRW 460,160,000 from the victims over 35 times from May 11, 201 to November 17, 201, including the receipt of KRW 290,000 from the victim around October 6, 201 as investment money, and received KRW 50,000 from the victim E a total of KRW 35 times from around October 7, 2011.

2. Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission, or making registration, report, etc. under Acts and subordinate statutes;