Li Yan of Hangzhou, Zhejiang Province defrauded more than 50,000 yuan in Yueyang, Hunan.

According to the law, for the purpose of illegal possession, it is the standard of "huge amount" in the crime of fraud to defraud public or private property of more than 50 thousand yuan by fictional facts or issuing false certificates. The victim shall promptly report the case to the public security organ where the case occurred. After examining and filing a case, the public security organ will solve the case through investigation and investigate the criminal responsibility of the offender according to the amount of fraud and the specific circumstances.

Legal basis:

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. Where there are other provisions in this Law, such provisions shall prevail.

Two. Interpretation 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 20 1 1 shall come into force on April 8,;

Article 1 Whoever swindles public or private property in an amount of over 3,000 yuan, over 30,000 yuan, over 100,000 yuan and over 500,000 yuan shall be deemed as "large amount", "huge amount" or "especially huge amount" as stipulated in Article 266 of the Criminal Law respectively.