Legal basis: Article 192 of the Criminal Law of People's Republic of China (PRC) illegally raises funds by fraud for the purpose of illegal possession. If the amount is relatively large, he 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.
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 3 Although swindling public or private property meets the standard of "relatively large amount" as stipulated in Article 1 of this Interpretation, the perpetrator may not be prosecuted or exempted from criminal punishment in accordance with the provisions of Article 37 of the Criminal Law and Article 142 of the Criminal Procedure Law: (1) There are statutory lenient punishment circumstances; (2) Before the verdict is pronounced in the first instance, all the stolen money and compensation money have been returned; (three) did not participate in the distribution of stolen goods or less stolen goods and not the principal; (4) the victim understands; (5) Other circumstances are minor and harmless.