The appeal is dismissed.

The grounds of appeal are examined.

Based on its stated reasoning, the lower court convicted each of the violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) (excluding the part not guilty).

The judgment below

Examining the reasoning in light of the relevant legal principles and evidence duly admitted, the lower court did not err in its judgment by exceeding the bounds of the principle of free evaluation of evidence against logical and empirical rules, or by misapprehending the legal doctrine on the criminal intent of deception and deception in fraud.

Therefore, the appeal is dismissed. It is so decided as per Disposition by the assent of all participating Justices on the bench.