The defendant's appeal is dismissed.

1. Summary of grounds for appeal;

A. 1) The Defendant was aware of the fact that each private document forgery, the event of the above investigation document, the forgery of securities, the use of forged and falsified securities, the false entry of the original copy of the deed of process, the use of the original copy of the deed of process, and the violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) against the victim Y) was intended for the endorsement of promissory notes issued AB (hereinafter “instant promissory notes”) in the name of M in the name of P Co., Ltd. (O) or P Co. (hereinafter “P”) at the Namyang-si, Namyang-si, in order to raise funds for the business of newly building and selling apartment units (hereinafter “F district business”). However, the Defendant was entitled to endorsement of the promissory notes issued in the name of P Co., Ltd. or P Co. (hereinafter “P”).

There was no collusion with M concerning the forgery of each private document for the discount of M/L, the use of a falsified investigation document, the forgery of securities, the forgery of each private document for the exercise of securities and the preparation of a fair certificate of monetary consumption and borrowing and lending contract, the use of the above investigation document, and the preparation of a fair certificate of monetary consumption and borrowing and lending contract, and the fact of the exercise of the original document of false entries.

B) While recognizing that there is no possibility that the Defendant would attract investment funds from S (SD) that is an investment company of the United States, the Defendant did not receive a discount on promissory notes by deceiving victimsY, but did not make a public offering with M.

2) It is possible for the Defendant to attract investment money from S to the point of violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) for the victim AT.

In addition, there have been a lot of affairs related to the F District Project, and AV, the preceding business operator, entered into a sales contract with the land owner in the F District Project and was designated as an operator of an urban planning facility project.

Even if successful investment attraction from Sro, it was possible to purchase the F District Project site and carry out the project, and the victim AT was enticed.