According to the 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.
Those who defraud public or private property in an amount of more than 3,000 yuan but less than 10,000 yuan, more than 30,000 yuan but more than 100,000 yuan and more than 500,000 yuan are respectively deemed as "a large amount", "a huge amount" and "a particularly huge amount" as stipulated in Article 266 of the Criminal Law.
Extended data:
Specific manifestations of fraud:
(1) Raise funds to run away.
(2) The fund-raising funds were squandered, which made it impossible to return them.
(three) the use of fund-raising funds for illegal and criminal activities, so that the fund-raising funds can not be returned.
(4) Refusing to return the fund-raising funds due to other fraudulent acts, or making it impossible to return the fund-raising funds.
The crime of fraud is the subjective intention of the actor to illegally occupy the funds of the unspecified public permanently by means of fabricating facts and concealing the truth.
Baidu encyclopedia-fraud