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

However, the execution of the above punishment shall be suspended for a period of two years from the date this judgment becomes final and conclusive.

Punishment of the crime

1. Basic facts

A. A. From September 201 to September 2015, D (hereinafter “D”) operated a law to prevent a return, such as raising approximately KRW 70,000,000,000 from personal investors, and ensuring that approximately KRW 158.7 billion is paid as principal and conclusive income, and that it is paid to existing investors as profits from new investors.

D as the vice head of the future strategic office, E was engaged in the activities of discovering and examining investment sources, such as real estate development projects, and F, G, H, I, J, and K were the head of the business team, respectively.

Around April 2015, E proposed that “a person who operates a company through private placement fund that can raise funds from private investors and make profits more short-term,” and the H, etc., which accepted such proposal, agreed to attract private investors by means of operation similar to D.

B. On February 27, 2015, E, etc. related to the public invitation of accomplices with M Co., Ltd. (hereinafter “M”), on June 10, 2015, Co., Ltd. N (hereinafter “N”), on June 24, 2015, Co., Ltd. P (hereinafter “O”) and on July 6, 2015, Co., Ltd. (hereinafter “P”) and Q (hereinafter “P”), Co., Ltd. (hereinafter “R”), and Q (hereinafter “P”), under the following order: (a) developing investment goods, order M’s investment issues; (b) order N’s investment issues as “S”; and (c) order the Seoul, Cheongju Branch, Busan Branch, Busan Branch, Busan Branch, Gwangju Branch, Daegu Branch, and Jeju Branch; and (d) organization of PP by dividing the investment issues into 30 business entities by the head office, Cheongju Branch, Busan Branch, Daegu Branch, and Jeju Branch.

E, etc. around May 2015, around the Internet NAV (hereinafter “U”) called “U”, developed a special private equity fund that can make a small investment from at least one million won to a small amount of investment.