The defendant's appeal is dismissed.

1. The sentencing of the lower court (eight months of imprisonment) is too unreasonable.

2. However, it is recognized that the defendant led to the confession and reflect of the crime of this case, paid 8.4 million won to the victim C as interest, and the defendant has no record of the same crime.

However, in light of the fact that the fraud amount of the crime of this case exceeds 150 million won in total, the sentencing of the court below is too unreasonable, even if the defendant did not make efforts to recover damage, such as agreement with the victims or repayment of damage, the method of fraud against the victim E is intelligent, and other conditions of sentencing as shown in the records and arguments, such as the defendant's age, character and behavior, environment, etc., it is not recognized that the sentencing of the court below is too unreasonable.

3. The defendant's appeal is dismissed in accordance with Article 364 (4) of the Criminal Procedure Act since the defendant's appeal is without merit.