2. The court below's punishment is deemed to be reasonable and unreasonable in light of the following circumstances: (a) the defendant recognized the crime of this case and reflects the fact that there were several occasions of punishment for the same kind of crime; (b) the defendant started again because three months have not yet passed after release; (c) the crime was planned and habitually committed; (d) the majority of the victims and the amount of damage was totaled by 20 million won; (e) the damage was not completely recovered; and (e) other factors of sentencing as indicated in the records and arguments, such as the defendant's age, character and conduct, environment, motive and circumstance of the crime, means and consequence of the crime; and (e) circumstances after the crime, etc., the court below's punishment is deemed to be reasonable and unreasonable. Thus, the above argument by

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.