Defendant shall be punished by a fine of 6 million won.

If the defendant does not pay the above fine, KRW 100,000.

Punishment of the crime

From June 2014, the Defendant was engaged in the business of attracting investors as the head of the business team in B (C) from around June 2014.

No one shall receive contributions from an unspecified person under an agreement to make payment of the total amount of contributions or an amount in excess thereof in the future without obtaining authorization or permission, or making registration or report, etc. under other Acts and subordinate statutes.

Nevertheless, from the end of November 2014, the Defendant sold financial products, such as U, V, W, and X, to many unspecified persons through the head of the business team, and collected investment funds by attracting investors and receiving allowances for investment funds, with knowledge that D sells financial products, such as U, V, W, and X, from the end of December 30, 2016 to the head of the business team, the Defendant, while operating (State) I in Gangnam-gu, Seoul, and (State) H from December 30, 2016 to December 30, 2016.

Accordingly, around March 31, 2015, the Defendant, at the (ju)B office located in Seocho-gu Seoul Metropolitan Government, provided that “If he/she has subscribed to the Z, he/she shall repay the victimY with the principal at the maturity of 12% fixed interest per annum. When he/she has deposited in the account of compensation for losses incurred by the company, the principal shall be guaranteed. This product is a legitimate product that is part of the legal entity that participates in the increase of capital by acquiring the priority for redemption conversion and is subject to examination by the law firm as the product that participates in the increase of capital, and if transferred to the company account, he/she must transfer 50 million won to the personal account of the representative director.” On March 31, 2015, the Defendant was transferred from the said Y to the AA deposit account (Account No. AB) in the name of D.

In addition, the defendant from August 26, 2014.