Defendants not guilty

On June 5, 2013, Defendant B was sentenced to a suspended sentence of one year and six months for fraud at the Incheon District Court, and the said judgment became final and conclusive on September 12, 2013.

The Defendants decided to carry out a wedding hall business, and the Defendants leased No. 902 of the Heung-gu Heung-gu H building 902 and the above H building No. 401, which is owned by the victim I, for KRW 100,000,000, to change the wedding hall into the wedding hall.

However, on August 19, 201, the Defendants failed to pay KRW 90 million to the victims, and agreed to pay KRW 90 million to the victims of the above H building 301 (hereinafter “the instant real estate”) under the joint ownership of the Defendants, for the purpose of paying KRW 100 million for the restoration cost of the construction work No. 902 and KRW 86 million for the restoration cost of the construction work No. 401 (hereinafter “the instant real estate”), from the office of the third certified judicial scrivener of the building Jin-gu Seoul Metropolitan Government to pay KRW 90 million from September 11, 2011.

The Defendants failed to pay the victims the remaining deposit amount of KRW 90 million by September 1, 2011 under the agreement. As such, on September 12, 2011, there was a duty to implement the procedures for the transfer of ownership to the victims.

With respect to the instant real estate in violation of the aforementioned duties, the Defendants: (a) at a certified judicial scrivener office in which it is impossible to know the trade name near the Sinju District Court located in Chungcheongnam-gu, Chungcheongnam-gu; (b) on September 27, 2011, the maximum debt amount of KRW 135,000,000; and (c) on October 6, 201, at a certified judicial scrivener office where it is impossible to find out the trade name near the Seoul Central District Court located in Jung-gu, Jung-gu, Seoul; (d) on October 6, 2011, at a certified judicial scrivener office where it is impossible to find out the trade name near the Seoul Central District Court located in Jung-gu; and (e) each victims incurred property damage equivalent to KRW 186,00,000,000 in total, and acquired property benefits equivalent to the said amount.