On October 7, 2008, the Defendant made a false statement to the effect that “The Victim E holds a final claim of at least one billion won to be drawn up to G, which is granted a collateral security right on forest land owned by G as collateral, and is holding the right to collateral security right on forest land owned by G. It would lend the right to collateral security right to collateral security, and would pay interest of 3% per month.”

However, the above collateral obligation is the obligation to return the purchase price borne by G when the sales contract between F and G becomes null and void as above, and the obligation to compensate for damages to be borne by G in the event that it is due to G’s attributable cause. Since at the time of the Defendant’s transfer of the right to collateral security to the victim, the Defendant’s claim against G was not established at the time of the transfer of the right to collateral security to the victim, even though it was unclear whether the Defendant would hold the right to collateral against G, it was confirmed that the amount to be paid to G was determined by the victim without notifying the victim of such fact, and thus, the execution of the right to collateral security was possible. The obligation already assumed by the fishery cooperative, such as the Defendant borrowed KRW 1.2 billion from I and borrowed KRW 150 million from I.