A defendant shall be punished by imprisonment for not less than two years and six months.

Punishment of the crime

1. Around July 27, 2010, the criminal defendant against the victim C made a false statement to the effect that “When he/she lends money to the victim C, he/she shall make an investment in the loan to the victim C, he/she shall pay 6% interest every month, and the principal shall be repaid until February 2011.”

However, even if the defendant borrowed money from the victim, he did not have the intention or ability to repay it.

Nevertheless, the Defendant, as above, received a total of KRW 213,450,000 from July 27, 2010 to December 27, 2010, by remitting KRW 2,13,450,000 from the victim to the Agricultural Cooperative Account in the name of F on the same day under the name of borrowing money from the victim.

2. Around August 24, 2012, the defrauded G made a false statement to the effect that “If he/she lends money to B, he/she would make an investment to B in a casino with money, he/she would pay 5% interest per month, and the principal will be repaid within one year.”

However, even if the defendant borrowed money from the victim, he did not have the intention or ability to repay it.

Nevertheless, the Defendant, as seen above, received a total of KRW 36,61,600 from August 24, 2012 to September 27, 2013, by remitting KRW 5,000 from the victim to the new bank account under the name of I for the same day, such as receiving transfer of KRW 5,00,000 from the victim to the new bank account under the name of I for the same day.

3. On October 5, 2012, the Defendant against the victim J makes a false statement to the effect that “If he/she lends money to B, he/she will make an investment in the 3% interest per month in the cryp of the coffee shop near Songpa-gu Seoul Metropolitan Government, and pay the principal within one year.”