The judgment below

Among the defendants A and B, each guilty part is caused by fraudulent illegal transactions.

1. Scope of adjudication of this court;

A. Defendant A, B, C, and E (hereinafter referred to as “F” according to the trade name before the change; B, G (hereinafter referred to as “H”) and K Co., Ltd. (hereinafter referred to as “L”) prosecuted the Defendants on the violation of the Financial Investment Services and Capital Markets Act (hereinafter referred to as “Capital Markets Act”) due to non-financial investment services; Defendant A, B, C, F, H, H and H (C) fraud; Defendant A, C, C, F, and C, and C, and C, and C, and C, and C, and C, and C, and C, and C, and Y were found guilty; Defendant A, D, and C, and C, and C, and C, and C, and C, and C, and 4,000,00,000 won of the remainder of the facts charged; Defendant 1, 2, and C2) fraud; Defendant H, and the lower court found the victim of violation of the Financial Investment Services and Capital Markets Act (hereinafter referred to as “the victim’s profits”).