If the loan is cheated, you should call the police in time. If a party is cheated, he can report the case to the public security organ in person; If the fraud of public or private property exceeds the local acceptance standard, the public security organ may file a case for investigation. 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.

Cheating alarm steps:

1. Try to save all the documents that come into contact with fraudsters, such as e-mail, SMS, account number of the other party's identity information, etc.

2. Write down your deception in as much detail as possible;

3. Under the leadership of the police, report to the local public security organ and make a record;

4. With the assistance of the local public security organ, transfer the case and related materials to the public security organ where the case occurred for further investigation. Legal basis: People's Republic of China (PRC) Criminal Law.

Article 266 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 shall 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.