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Defendant
A shall be punished by a fine of 8 million won, and by a fine of 6 million won, respectively.
The above fines are imposed by the Defendants.
Reasons
Criminal facts
No one shall engage in a similar receipt business in which an unspecified number of persons agree to pay the total amount of contributions or an amount in excess thereof in the future without obtaining authorization or permission, making registration or making a report, etc. under other Acts and subordinate statutes, and which is engaged in the business of receiving contributions.
C A de facto operator of E Partnership Corporation in Busan Metropolitan City introduced F, etc. with a history of conducting financial transactions by using a multi-level organization at the beginning of early 2016, and recruited an unspecified number of investors by soliciting the head of a center that solicits investors in each region across the nation. When receiving investments from investors, C planned to receive 17,406 won per day except for legal holidays until the amount reaches KRW 2,00,000,000, from the investment amount to the amount of KRW 1,200,000, and then planned to pay 17,406 won per day to the Defendants introduced through F, G, etc., on condition that the Defendants would pay the cost of the center at the rate of 5% on the basis of the sales of each State center, and the Defendants agreed to receive the similar receipt method as above.
1. Defendant A et al., as such, and registered with the head of the main office of the E partnership corporation, and around February 5, 2016, Defendant A et al., paid 17,406 won annual allowances to H except for public holidays until the amount reaches KRW 2,00,000,000, when investing in the E partnership corporation.
The purpose of the “investment agreement with H is to make an investment agreement with H to the effect that H, and to have H pay KRW 12,00,000 corresponding to the 10 old credit card on the same day as the investment deposit, as well as to have H pay KRW 12,00,000 from around that time to June 17, 2016, such investment agreement was made with investors as shown in the attached list of crimes (6) of the day from that time to June 17, 2016, and total amount of KRW 368,880.