Generally speaking, if the amount of fraud reaches 2,000 to 5,000 yuan, it meets the standards for filing a fraud crime. This may vary from place to place depending on the economic development conditions. If the amount is smaller, less than 2,000 yuan, it does not constitute a crime of fraud, but it violates the Public Security Management Punishment Law. According to the "Public Security Management Punishment Law", the person will be detained for 5 to 15 days and may be fined up to 1,000 yuan. However, if the cumulative amount of fraud exceeds 2,000-5,000 yuan, the perpetrator can be held criminally responsible. Article 266 of the Criminal Law stipulates that 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 public surveillance, and shall also or solely be fined; if the amount is huge or there are other serious circumstances, he shall be sentenced to not less than three years but not more than ten years. Fixed-term imprisonment and concurrent fine; if the amount is particularly huge or there are other particularly serious circumstances, the offender shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment and concurrently fined or property confiscated. If this law provides otherwise, the provisions shall prevail.
Legal Basis
Article 266 of the "Criminal Law of the People's Republic of China" 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 public surveillance , shall be concurrently or solely 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 10 years, and shall also be fined; if the amount is particularly huge or there are other particularly serious circumstances. 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.