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

Punishment of the crime

1. No person who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission under related Acts and subordinate statutes, or without making registration or report, etc., shall engage in the business of receiving contributions from many and unspecified persons under an agreement to pay the whole amount of future principal or any amount in excess thereof;

Nevertheless, around July 24, 2017, the Defendant explained that, at the office of Defendant’s operation on the fifth floor of the building B in Gwanak-gu in Seoul Special Metropolitan City, the Defendant would purchase two of the victim D and the namesless winners, and purchase the two of the non-powered power generation machine to obtain profits from selling the electricity to Cambodia Electric Power Company. In addition, the Defendant may preserve the principal and pay 15% of the profits from the month to the E-cooperativeF account in the name of the victim, and received 2.1 million won from the victim, around February 24, 2017, around July 29, 2018, around KRW 3.86 million in total, around August 14, 2018, and around August 28, 2017.

As a result, the defendant did not obtain authorization or permission under the statutes, or did not make registration or report, etc., and received the same as a business.

2. The defrauded concluded that, at the time, at the time, place, and place set forth in the above Paragraph 1 above, the said victim D fraudulently purchased two parts of a non-powered power generation machine to sell electricity to Cambodia and obtain profits from the company of Cambodia, and a 15% profit from the principal may be paid in one month as well as the return of principal.

However, in fact, the Defendant received money from the victim and did not have a plan to invest in the non-powered power generation business, and planned to use the money received from the victim for the purpose of living expenses of the Defendant and personal debt repayment, and therefore, the money from the victim as investment money.