A defendant shall be punished by imprisonment for five years.

The fraud against B (2019Sang472) is not guilty.

Criminal facts

I. 2017 Highest 431

1. Joint offenses with C;

A. The Defendant, as the representative director of the 6th unit of DD building in the Guluri City, promised to receive the investment money from investors by promising to make an investment in the Maka casino business, as if he/she had a large amount of money, and C was willing to invite investors as a financial director.

C Around October 2009, at E office, the victim F made a false investment by concluding a license agreement on the operation of a hotel in Madao and making it possible for E to make a big profit, and it is a business with no risk, and it is guaranteed that 10% per month as well as the principal and interest. It is believed that the Defendant may recover all the damages incurred in G. It is true that C’s horse is true, and E’s horse is holding a license on the casino operation right, and thus raising a strict profit. The Defendant made a false investment by stating that “The principal will be returned without a mold.”

However, the above company did not have any authority with respect to the operation of the casino at the time, and the business in progress is merely merely to lend the gambling fund to the casino room users and to receive interest. The profitability is unclear and it was not possible to operate it in the way to repay the investment money to the existing investors in order by using the investment money kept by junior investors because it has no ability to rapidly increase the income within the short period. In such a business structure, it is anticipated that the company would not pay the profits of the agreed high rate of money, so there is no intention or ability to pay the investors a high rate of money.

The Defendant and C, as such, deceiving the victim and deceiving the victim, shall be the H Bank under the name of the said company on October 23, 2009.