I. Definition of the crime of fraud
The crime of fraud refers to the act of fabricating facts or concealing the truth for the purpose of illegal possession, and defrauding large amounts of public and private property.
2. Legal provisions
Article 266 of the "Criminal Law" stipulates that whoever defrauds public or private property, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or surveillance. A fine may be imposed concurrently or solely; 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 particularly huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment . The offender shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or have property confiscated. If this law provides otherwise, the provisions shall prevail.
According to the "Interpretations of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Fraud" (effective from April 8, 2011): The value of public and private property is between 3,000 yuan and If the amount exceeds 10,000 yuan or 30,000 yuan to 100,000 yuan or 500,000 yuan, it shall be deemed as a "larger amount" as stipulated in Article 266 of the Criminal Law. The "huge amount" specified in Article 66. "A relatively large amount" and "A huge amount", "A particularly huge amount".