2. The nature and circumstances of the crime of forging the private document of this case and the crime of fraud of this case are poor, the total amount of damage would be KRW 140 million, and the victim did not reach an agreement with the victim or recover from damage until the trial is held.

In addition, the punishment of the court below is determined by considering the favorable circumstances such as the fact that the defendant agreed with the victim E in the court below, the fact that there is no serious criminal power other than the fine, and there is no change in the situation in the court of the party

In addition, considering various sentencing conditions shown in the records and arguments, such as the background and means of the crime, relationship with victims, circumstances after the crime, Defendant’s career, and the environment, the sentence of the lower court cannot be deemed unreasonable.

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