Whoever defrauds public or private property and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or surveillance, and shall also or solely be fined; if the amount is huge or there are other If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years and 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, and shall also be fined or his property shall be confiscated. If this law provides otherwise, such provisions shall prevail.
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
Article 1: The amount of defrauding public or private property is more than 3,000 yuan or more than 30,000 yuan If the amount exceeds 100,000 yuan or 500,000 yuan, it will be deemed as "relatively large amount", "huge amount" or "especially huge amount" as stipulated in Article 266 of the Criminal Law respectively.
◆ Fraud of 110,000 yuan is considered a "huge amount" and the statutory penalty is fixed-term imprisonment of not less than three years but not more than ten years, and a fine.