A defendant shall be punished by imprisonment for one year.

On November 13, 2014, the Defendant was sentenced to ten months of imprisonment for fraud at the Seoul Eastern District Court on November 13, 2014, and completed the execution of the sentence in the Seoul East Eastern District Court on December 31, 2014.

Criminal facts

[2018 Highest 2144] The Defendant established a stock company for the purpose of operating real estate assets with the victim B and C, and agreed that the victim will take the role of examining the occurrence of profit by analyzing non-performing loans, and that if profits are generated through auction, the Defendant will receive 10% of them.

1. On December 17, 2015, the Defendant may receive a loan of five billion won from the F Bank with the credit of the C representative director, from the victim at the office of the Seongbuk-gu Seoul Metropolitan Government D Building E, a corporation located in Seongbuk-gu.

In order to obtain credit loans, a false statement was made to seven staff members of the F lending department that "one million won shall be paid for each of them."

However, in fact, the defendant was planned to receive expenses from the injured party to use them for personal purposes such as repayment of debts, etc., and 5 billion won loan was impossible in the name of C Co., Ltd.

The defendant deceivings the victim as above and received 7 million won from the injured party.

2. On August 4, 2016, the Defendant may take over the victim’s non-performing loans exceeding KRW 10 billion at the KF bank in the C office of the Co., Ltd., as indicated in the foregoing paragraph (1) around August 4, 2016, to the effect that “the Defendant may take over KRW 5 billion,” and the collateral real estate (or the Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s Gu’s)

The Government made a false statement stating that the F Bank shall deposit KRW 300 million in the F Bank, and that the seven employees of the related department shall provide the total of KRW 10 million in each of them under the pretext of expenses to the seven employees of the related department.

However, in fact, the defendant was planned to receive funds from the injured party for personal use such as repayment of debts.