Legal analysis: Nowadays, people's investment concept is becoming more and more popular, so many lawless elements use their eagerness to invest to invent various investment projects, and use high profits as bait to induce everyone to invest, and finally run away. So, is this money-circling behavior in the name of investment a scam?

The definition of fraud in China's criminal law is very clear. There are the following elements:

1. For the purpose of illegal possession.

2. Fictional facts.

3. Hide the truth.

4. Obtaining public or private property by fraudulent means.

5. Subjective intention.

Therefore, when any fictitious project requires investors to invest money for the purpose of illegal possession, it constitutes fraud.

Fraud, swindling 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, and shall also, or shall only, be fined, if the amount is huge or there are other serious circumstances, shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail. Here, I suggest that you carefully choose formal investment channels when investing. So as not to cause unnecessary economic losses.

Legal basis: Article 303 of the Criminal Law of People's Republic of China (PRC), whoever gathers people to gamble or gamble for the purpose of profit, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also be fined. Whoever opens a casino shall be sentenced to fixed-term imprisonment of not more than five years, criminal detention or public surveillance, and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years and shall also be fined. Whoever organizes People's Republic of China (PRC) citizens to participate in gambling outside the country (territory), if the amount is huge or there are other serious circumstances, shall be punished in accordance with the provisions of the preceding paragraph. Whoever opens a casino shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also be fined; If the circumstances are serious, 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.