1. All appeals by the Defendants are dismissed.

2. The costs of appeal are assessed against the Defendants.

Purport of claim and appeal

1.

1. The reasoning of the court's explanation concerning this case is as stated in the reasoning of the judgment of the court of first instance, except for the following additional determinations, thereby citing it as it is in accordance with the main sentence of Article 420 of the Civil Procedure Act.

2. Additional matters to be determined;

A. The Defendants asserted that they did not receive the investment money by deceiving the Plaintiffs, which are investors, but there is no evidence to acknowledge this. Therefore, the above assertion by the Defendants is without merit.

B. In addition, the Defendants asserted that they paid money in excess of the amount acknowledged by the Plaintiffs, but the evidence submitted by the Defendants alone is insufficient to acknowledge it, and there is no other evidence to acknowledge it. Therefore, the Defendants’ assertion is without merit.

3. In conclusion, the plaintiffs' claims of this case against the defendants are accepted in all of the grounds, and the judgment of the court of first instance is just in conclusion, and the defendants' appeals are dismissed in all of the grounds. It is so decided as per Disposition.