Defendant shall be punished by a fine of KRW 5,000,000.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

No one shall register any real right to real estate under the name of the title trustee according to the title trust agreement.

On December 2, 2011, the Defendant concluded a title trust agreement with D in Seoul Special Metropolitan City Special Metropolitan City Special Metropolitan City Special Metropolitan City Special Metropolitan City Special Metropolitan City Special Metropolitan City Special Metropolitan City B building B and C residential areas, stating that “It is possible to win any real estate in progress, but when it is harsh or lost, it is possible for creditors to register the real estate purchased in the name, so that the creditors may obtain compulsory execution, and profits from the invested real estate will be given to one bond, etc.” The Defendant concluded a title trust agreement with D.

1. On April 10, 2013, the Defendant, E and one parcel F, who purchased the sale due to voluntary auction on April 10, 2013, under D’s name, the registration of ownership transfer is completed in relation to E and one parcel F.

2. On February 14, 2014, the Defendant of Gyeyang-gu Incheon Building H completed the registration of ownership transfer in the name of Gyeyang-gu Incheon Building H, which was purchased by means of voluntary auction on February 14, 2014 as the grounds for registration.

3. On September 26, 2014, the Defendant of Gyeyang-gu I and one parcel J building K, the Defendant completed the registration of ownership transfer under the name of D as to the title of the Incheon Gyeyang-gu I and one parcel J building K, which was purchased by means of voluntary auction on September 26, 2014.

4. On January 30, 2016, the Defendant of Ilyang-gu L and six parcels M apartment N, Seoyang-gu L and the Defendant completed the registration of transfer of ownership in the name of Dongyang-gu L and six parcels M apartment N, the buyer of which is “D” at the office of Goyang-gu, Busan-gu, and Q Licensed Real Estate Agent in Pho-si, and the buyer of which was “D” was purchased on January 30, 2016, with sale and purchase as the cause of registration.

5. On March 26, 2016, the Defendant of R and one parcel S apartment T is the buyer at the W Licensed Real Estate Agent’s Office located in U.S. V in Gwangju-si.