2. The judgment of the court below reflects the defendant's wrongness when the defendant is detained for a considerable period of time, and there was an agreement with the victim E, AD, and AI at the court below, and the defendant has no record of having been punished by imprisonment or imprisonment without prison labor or heavier punishment for the same crime after being sentenced once in 194. However, the majority of the crimes of this case is not very good in light of the form of deception and the degree of deception as a case of deceiving a large number of victims and deceiving money in the name of investment money. The number of crimes is several times, the number of victims is more than seven, the total amount of fraud is more than KRW 500 million, and even if the sum of the amount of fraud is about KRW 500 million, the defendant's age, personality, behavior, environment records, etc. are not sufficiently recovered. Thus, the defendant's argument that the court below's punishment is too unfair is not reasonable.

3. In conclusion, the defendant's appeal is dismissed in accordance with Article 364 (4) of the Criminal Procedure Act since it is without merit. It is so decided as per Disposition.