A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

[Majority Opinion] On March 15, 2017, the Defendant was sentenced to 10 years of imprisonment for a violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) at the Seoul High Court on March 15, 201, and the said judgment became final and conclusive on June 15, 201

[2] The Defendant, along with N, established “O” corporation (the original trade name was “P,” but around August 25, 2015, “O” corporation (the change to a third party) and may guarantee principal and increase profits.

The Defendant, through the advertisement, intended to attract many unspecified investors and receive the investment money, intended to play a role of “person specializing in futures trading” and to attract investment against investors, and to manage the server.

Around June 2015, the Defendant and N established Q website (R) in accordance with the foregoing conspiracys and induced investors to make an investment more gradually by allowing investors to gain profits at the early stage, on the following grounds: (a) the Defendant, i.e., Q gift program, starting from the Kaka Stockholm Stockholm to “S,” with the view of “S”-based investors to enter a membership application and deposit procedure; and (b) the Defendant, at the early stage, led investors to make a lot of investments.

On July 2015, the Defendant, while making telephone conversations with the victim T at a place of early police officers, is operating the actual overseas futures option program, and profits can be generated from such investment.

On the other hand, no loss will be incurred only as internal ones.

Trust and Investment Seas.

“Falsely false.”

However, the Defendant, along with N, allowed investors to place orders for futures investment using fake programs that imitated the static HTS program, and did not have opened an account with any securities company. The Defendant delivered investors’ orders to the securities company or received profits from investment from the securities company.