The defendant's appeal is dismissed.

1. The sentence imposed by the court below on the defendant (five years of imprisonment) is too unreasonable.

2. The judgment was examined, and the defendant led to the confession of the crime of this case from the investigative agency to the trial of the party, and reflects his mistake.

The fact that the defendant made a statement, the defendant returned 690 million won to the victims for the repayment of the principal of investment to the victims, and the damage equivalent to the amount seems to have been recovered, and the defendant has no criminal record for the same kind of crime and has no criminal record of imprisonment without prison labor or heavier punishment.

However, the crime of this case committed by the defendant was committed for a long period of not less than two years by inducing the victims to transfer KRW 1,350,711,609 in total to C, and KRW 181,227,753 in total to the victims, and KRW 175,420,60 in total to the victims in light of the details and methods of the crime, the consequences and the consequences of the crime, the frequency of the crime, and the amount of the crime and the amount of money acquired by the victims, which were invested in KRW 1,477,100,00 from the victims, and there was a loss different from the expected facts stated in the crime of this case. However, the defendant committed a crime of this case, which was committed by inducing the victims to compensate the victims of property damage in the course of the crime of this case, without being able to obtain full recovery from the victims by means of false financing or fraudulent means.