The defendant's appeal is dismissed.

The defendant is an applicant for compensation, who is an applicant for compensation, of KRW 37,925,80,00.

1. The decision of the court below on the summary of the grounds for appeal is too unreasonable to punish the defendant with imprisonment of six years.

2. It is recognized that the Defendant recognized all of the instant crimes in the first instance trial, and the Defendant appears to have accepted each of the instant crimes for a long time, and that it would be against the depth, and that some victims agreed to the sole agreement with some victims. Among them, some victims expressed their intention not to punish the Defendant during the lower trial, and that there was no record of criminal punishment other than twice a fine.

However, each of the crimes of this case is deemed to have been acquired by deceiving 15 victims during the period from October 2009 to September 2013. In light of the crime period, the number of victims, and the amount of damages, etc., the case is very serious. In particular, most of the crimes of this case are likely to have been committed to the young female victims as if they had a promising business with a good educational punishment and a large amount of financial power, and they are believed as if they were to teach, and they would be able to exchange and purchase the company's shares by inducing them to invest in the business operated by them or purchase the company's shares with a considerable amount of money under the name of investment money or purchase of shares, and in light of the Criminal Procedure Act, the crime was also very poor in light of the nature of the crime in light of the Criminal Procedure Act, most of the victims' damages to the victims to whom the defendant and victims agreed to have yet been paid, and the circumstances leading up to the change of the defendant's family relationship and the circumstances leading up to the change of the defendant's occupation.