2. Determination is recognized that the Defendant recognized each of the instant crimes and reflected, and that the Defendant has no criminal record exceeding the fine.

However, each of the crimes of this case assumes that the defendant is an employee of the National Intelligence Service while deceiving the victims as if he had well known that he had been able to invest in state bonds, and deceiving the victims to acquire money from the victims as the source of investment in state bonds, and without any intention or ability to pay lease fees, automobile charges, automobile charges, wheel bills, etc., and deceiving them to acquire property benefits equivalent to the lease fees from the victims, or to acquire property such as automobiles, straws, wheel chairss, etc., the majority of the victims are the victims, and the crime is not less and less than the nature of the crime in light of the fact that the criminal acts of this case have interview and interview, etc., damage amount from each of the crimes of this case also exceeds KRW 150,00,000, and the defendant did not make any effort to pay damages to the defendant, and it did not reach an agreement between the defendant and the victims, and the fact that the defendant had been punished for the same crime of this case five times, etc. are disadvantageous to the defendant.

In full view of the above favorable circumstances and conditions, such as the Defendant’s age, character and conduct, environment, family relationship, motive and circumstances after the commission of the crime, and other various circumstances, which are conditions for sentencing as shown in the trial process, even if considering all favorable circumstances for the Defendant, it cannot be deemed unfair since the lower court’s punishment is too unreasonable. Thus, the Defendant’s assertion is without merit.

3. In conclusion, the defendant's appeal is dismissed in accordance with Article 364 (4) of the Criminal Procedure Act on the ground that it is without merit.