1. All appeals by the defendant against the plaintiffs are dismissed.

2. The costs of appeal shall be borne by the Defendant.

purport, purport, and.

1. Basic facts

A. The defendant is the representative of E Co., Ltd. established for the commercial purpose for manufacturing and wholesale business related to the distribution of environment-friendly new substances (hereinafter “small and medium companies”), and the plaintiffs are investors who invested in E upon the defendant’s recommendation.

B. On June 12, 2018, the Defendant issued KRW 1.2 million from the Plaintiff by June 12, 2018, respectively, to the Nonparty Company, “The Defendant is developing fuel reduction devices as an urban development project. There is a lot of profit when developing other items. As such, a lot of money may be paid for investments, but an investment may be made for about 3.50,00 per share, and an investment may be made for about 150,000 per share, and if an investment is made, a approximately 1.2 million investment profit shall be paid to the Plaintiff by June 12, 2018.

C. On May 10, 2012, the Plaintiffs filed a complaint with the Defendant with the Seoul Seocho Police Station on fraud and the act of receiving money without permission. Ultimately, the Defendant was confirmed to have received a summary order of KRW 7,00,000 (No. 10071) under the Act on the Regulation of Conducting Fund-Raising and Unauthorized-Raising and Unauthorized-Raising and Unauthorized-Raising and Unauthorized-Raising and Unauthorized-Raising, etc. (No. 1071) on September 13, 2012, where the Defendant agreed that the Defendant would pay an amount in full or in excess of the investment amount in the future from a large number of persons without authorization, permission, etc. under the laws and regulations, and even if the investment amount was received, the Defendant received the investment amount from the Plaintiffs as stated in the above (B) and received the investment amount from the Plaintiffs and received it even

[Ground of recognition] Facts without dispute, Gap evidence Nos. 1 and 2 (if available, including branch numbers; hereinafter the same shall apply), the purport of the whole pleadings

2. Determination

A. According to the above facts of determination as to the cause of the claim, the defendant, who is a tort, shall, unless there are special circumstances, be the plaintiffs.