In judicial practice, "routine loan" is often included in the category of fraud. Article 266 of the Criminal Law stipulates that 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 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. Explanations 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 Whoever cheats public or private property in an amount of more than 3,000 yuan, 30,000 yuan, 100,000 yuan and 500,000 yuan shall be deemed as "large amount", "huge amount" and "especially huge amount" as stipulated in Article 266 of the Criminal Law respectively. The local higher people's courts and people's procuratorates may, in combination with the economic and social development of the region, study and determine the specific amount standards implemented in the region within the scope of the amount specified in the preceding paragraph, and report them to the Supreme People's Court and the Supreme People's Procuratorate for the record.
Want to know more about online lending, recommend Dinghui Law. Through teamwork, Dinghui legal services can not only give full play to their respective legal expertise, but also provide customers with more comprehensive and effective services. Every client and every case is handled by senior lawyers in this field, supplemented by the full support of teams from other departments. Behind the team's multi-faceted legal services, many lawyers have interdisciplinary knowledge and experience, can communicate skillfully in English, Japanese and German, and can provide satisfactory legal services for different clients. Online legal consultation service