The defendant's appeal is dismissed.

1. Summary of grounds for appeal (misunderstanding of facts and improper sentencing);

A. Fact-misunderstanding 1) The judgment of the court below [2015 high group 1254] Regarding the charge of forgery of securities, forgery of falsified securities, forgery of private documents, and uttering of the above investigation document, since the bill of this case is a borrowed bill which is not a performance guarantee, the defendant has the right to supplement the face value, and with the consent of the victim AC, the net AY who was a partner of the defendant has the right to supplement the face value, and this endorsement has been made. Thus, the defendant forged the valuable securities and exercised the forged valuable securities.

No. 2) The judgment of the court below [2015 order 1254] As to the charge of forging private documents and the use of the above investigation documents among the criminal facts, since the contract for acquiring the shares of this case was prepared by the deceased AY at the location without the defendant, it cannot be said that the defendant constitutes the crime of forging private documents and the crime of forging the above investigation documents (hereinafter referred to as "misunderstanding of facts No. 2. 3) [2015 order 1254] of the judgment of the court below [2015 order 1254] of the crime of fraud against the victim S among the criminal facts, each crime described in Article 1-A-1-2 (1) and Article 1-1-2 (2)-1-2 of the crime is a joint crime of the court below's decision of the court below.

In relation to the above, the defendant had a claim of KRW 2.60 million against U at the time. However, the defendant introduced the victim S to the above company for the purpose of receiving the repayment. The Daejeon Mutual Savings Bank, which was in progress of the loan, was bankrupt and did not grant the right to operate the restaurant of T apartment, and the defendant did not participate any longer after introducing U to the victim S., and therefore, it cannot be said that each crime of fraud against the victim S against the defendant is established (hereinafter referred to as "the third party's assertion"). 4 of the judgment of the court below [2015 first order 1254] of the crime of fraud against the victim S, the defendant's sole crime [the 2015 second order 1254 second order 2015 second order 1254 second order 2054] of the judgment of the court below.