Defendant

A shall be punished by imprisonment for four years.

Defendant

B The applicant for compensation shall be dismissed.

[Defendant A] The Defendant was the representative director of Jongno-gu Seoul Metropolitan Government G and the 3rd floor (H tourist hotel) Co., Ltd. (hereinafter “I”).

1. On August 2009, each Defendant against 179 victims J, etc. established and operated K (hereinafter “K”) in order for a loan business in which a credit service provider would receive sales proceeds from an open market if an electronic commerce transaction was conducted on the online market and the sales proceeds were paid from the purchaser. However, the Defendant provided excessive custody fees to employees in charge of attracting investment and distributed high-rate investment proceeds to some investors, resulting in a loss of approximately KRW 700,000,000, in which the former investors would receive sales proceeds from the new investors.

Accordingly, on May 17, 2010, the Defendant is difficult to recruit new investors in the existing Kro, which is a method of operating as a sign data.

Based on the judgment of the court, the online market and electronic data are linked to each other, and establish I to provide open market prior settlement services.

The Defendant, through L of the head of the I marketing headquarters in charge of attracting investment, is a company that provides prior settlement services for the seller's sales proceeds in the Internet Open Market on June 15, 2010.

I paid the sales proceeds to the open market sellers in advance through prior settlement, and it provides services to settle the sales proceeds by receiving sales proceeds in lieu of sellers from the open market company.

In order to invest money in I, it will pay high profits using the open market's service fund for the settlement of accounts, and will make the investment funds to be repaid when it wants to do so.

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