A defendant shall be punished by imprisonment for three years.

The defendant pays 300 million won to each applicant for compensation.

Punishment of the crime

[Attachment] On June 25, 2015, the Defendant was sentenced to eight months of imprisonment for fraud at the Seoul Central District Court, which became final and conclusive on September 10, 2015, and on December 2, 2016, the Seoul Southern District Court sentenced three years of imprisonment and five years of suspension of execution to a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), etc. of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud), and the judgment became final and conclusive on December 10, 2016, and on August 8, 2017, the Seoul Southern District Court sentenced six months of imprisonment and two years of suspended execution to a violation of the Punishment of Tax Evaders Act and became final and conclusive on August 17, 2017.

[2018 Highest 3487] The Defendant is the representative director of E Company, a company implementing company of the Dongjak-gu Seoul Metropolitan Government D Regional Housing Association, from around 2003 to purchase land to change the method of implementation by the regional housing association method in the general sale method in around 2006 and to recruit its members. On June 5, 2008, the Defendant made a false repayment in cash to the victims C (n, 48 years old) and B (n, 44 years old) in the car page near the Yeongdeungpo-gu Seoul Metropolitan Government Seoul Yeongdeungpo-gu Seoul Metropolitan Government FF Building. The Defendant paid the amount of KRW 310 million to B, so that the sale of the land can be purchased by the regional housing association of KRW 510 million at the latest within one year at the latest.”

However, according to the plan of the regional housing association that the defendant promoted at the time, the Ministry of National Defense should create a drainage channel as part of the state-owned land of the Ministry of National Defense. On October 2006, the Ministry of National Defense could not carry out the project as originally planned by disclosing the position that the pertinent state-owned land is not to be incorporated into the site for the reason that it is a military installation, and the E-stock company that operated the defendant had a debt equivalent to about 15 billion won at the time. Thus, the victims can purchase one debt of the regional housing association of KRW 510,000,000 which is an apartment of KRW 32,000.