Legal analysis: refers to the act of defrauding a large amount of public and private property by fabricating facts or concealing the truth for the purpose of illegal possession. The specific types are: contract fraud, bill fraud, loan fraud, credit card fraud, letter of credit fraud, financial voucher fraud, fund-raising fraud, securities fraud, insurance fraud and fraud. "Internet fraud" has certain concealment. The criminal took advantage of the victim's greed for cheap. Therefore, the police reminded the general public that there would be no pie in the sky. If there is a "pie", it must be a trap or trap; Usually pay more attention to collecting and understanding the latest fraud methods, so that you can quickly see through the measurement of scammers; When conducting online payment transactions, it is best to go through an intermediary instead of directly remitting money to the other party's account; Install the latest security software on the computer to help users find possible fraud in the network in time.

Legal basis: Criminal Law of People's Republic of China (PRC).

Article 192 Whoever illegally raises funds by fraudulent means for the purpose of illegal possession, if the amount is relatively large, 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.

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.