Defendant shall be punished by imprisonment for not less than three years and six months.

Punishment of the crime

[2014 Highest 755] The Defendant: (a) was a person who manages a local investor of a company called “D” operated by the method of paying a kind of cyber money in accordance with the investment amount and paying additional cyber money in return for a certain period of time; (b) although the substance of the company is unclear and the operation of the company was actually suspended, the company knew the victims to pay the investment principal and interest of the investors already managed, and received the money as the investment deposit to use it for the repayment, etc. of the investment principal and interest to the existing investors.

1. Around July 2010, the criminal defendant against the victim E made a telephone conversation with the victim at the F Building Office at the macro-si Building on July 2010, the victim made a false statement to the effect that “I will have headquarters in the United States and belong to the foreign exchange trading company with Daegu branch in Korea, and I would have made an investment. I would like to pay 7-10% of the pertinent investment amount as monthly earnings and to recover the principal of the investment amount for two years, and if I would have to decide whether to renew the investment contract after two years.”

However, it is impossible to pay a long-term high-end profit even if it is received money from the victim due to the uncertainty of the substance of the business "D" to which the defendant belongs, and it was thought that the money received from the victim will be used for the repayment of the principal and interest of investment to the existing investors.

As above, the Defendant deceivings the victim, and thereby deceiving him/her, KRW 10 million from the victim on July 20, 201, KRW 5 million on August 18, 2010, KRW 10 million on September 20, 2010, KRW 10 million on November 23, 2010, KRW 10 million on November 24, 201, KRW 64 million on November 24, 201, KRW 5 million on December 16, 201, and KRW 4 million on January 4, 2011.