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Defendant shall be punished by a fine of KRW 10 million.
If the defendant does not pay the above fine, KRW 100,000.
Reasons
Punishment of the crime
The defendant is a person who has operated the "C" in the 7th floor of Gangnam-gu Seoul Metropolitan Government B building.
1. On April 2013, 2013, the Defendant concluded that “If an investment of KRW 5 million is made to the victim E through D, an investor who invested in the said company in the said office, the Defendant would pay KRW 200,000 each day as principal and profit dividends, and if an investment of KRW 3.6 million is made, it would pay KRW 25,000 each day for 25 days.”
However, the Defendant did not have any money at the time, and the debt was approximately KRW 30,000,000,000, and the investment was received from investors, but was used in paying dividends to other investors. Therefore, even if the Defendant received an investment from the victim, he did not have any intent or ability to return the principal and the profits.
Around May 6, 2013, the Defendant, by deceiving the victim as above, obtained 3.6 million won in cash from the victim as investment money from the victim and acquired it by fraud.
2. Any person who violates the Act on the Regulation of Conducting Fund-Raising Business without permission or permission under other Acts and subordinate statutes shall not engage in fund-raising business without permission, registration, report, etc., which is an act of receiving contributions from many and unspecified persons, under the agreement to pay the total amount of investments in the future or an amount exceeding such amount.
The Defendant, without obtaining authorization, permission, registration, reporting, etc. under statutes, would pay 10% dividends of the amount of 10% as profits, along with the principal, to the persons finding the said “C” if investing in the said company. The Defendant, around April 11, 2013, received from F an investment amount of KRW 1,00,000 from F with the investment amount, from that time until May 14, 2013, as indicated in the list of crimes in the attached Table, from that time, 54,785.