What is online fraud? What forms does it take?

Legal analysis: Internet fraud usually refers to the fraudulent means of obtaining other people's property in various forms on the Internet for a certain purpose. The main act or link of a crime occurs on the Internet, and a large amount of public or private property is defrauded by fabricating facts or concealing the truth. It has the following forms: 1, false consultation information. The industry that is negatively affected by false consultation information on the Internet is the securities industry. Black hands in the stock market or insiders of securities companies disclose false information on the Internet to drive up the stock price. After the deceived investors raised the stock price, they began to sell the stock. According to the BBC, the share price of Coburg Group, a British coffee roasting company, has soared recently. The company's investigation found that this was mainly caused by an anonymous person spreading the news that the company might be about to transform on the Internet. 2. Online auction. Online auction and online shopping are undoubtedly the hot spots of online consumption. While providing convenience for consumers, it also triggered many related complaints. Among them, the most common complaint is that after the buyer pays successfully in the auction, either the goods are not received at all, or the goods received are completely different from what he saw online.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 148 If a party causes the other party to commit a civil juristic act against its true meaning by fraudulent means, the aggrieved party has the right to request the people's court or an arbitration institution to cancel it.

Article 149 If a third party commits a civil juristic act against its true meaning due to fraud, and the other party knows or should know about the fraud, the defrauded party has the right to request the people's court or an arbitration institution to cancel it.

Article 150 If one party or a third party coerces the other party to carry out a civil legal act against its true meaning, the coerced party has the right to request the people's court or an arbitration institution to cancel it.

Criminal law of the people's Republic of China

Article 192 Whoever illegally raises funds by fraudulent means for the purpose of illegal possession, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than seven years or life imprisonment, and shall also be fined or confiscated. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

Article 266 Whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.