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Hu Chengyi of Hengchang Financial was found guilty of violating Article 193 of the Criminal Law for loan contract fraud because your debt was seriously overdue.

Legal analysis: Anyone who defrauds the other party of property during the signing and performance of a contract for the purpose of illegal possession, and the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or solely 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 particularly huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or his property shall be confiscated. :

(1) Signing a contract with a fictitious unit or in the name of another person; (2) Using forged, altered, invalidated bills or other false property rights certificates as evidence Guarantee;

(3) Without the actual ability to perform, the other party is deceived into continuing to sign and perform the contract by first performing a small-amount contract or partially performing the contract;

(IV) ) Accepting goods, payments, advances or guaranteed property from the other party and then escaping;

(5) Using other methods to defraud the other party of property.

Legal basis: Article 224 of the "Criminal Law of the People's Republic of China": Under one of the following circumstances, for the purpose of illegal possession, during the process of signing and performing a contract, the other party is defrauded property, if the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and concurrently or solely with a fine; 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 and not more than 10 years, and shall also be fined; if the amount is particularly huge or If there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or have his property confiscated:

(1) Signing a contract with a fictitious unit or in the name of another person;

(2) Using forged, altered, invalidated bills or other false property rights certificates as guarantee;

(3) Having no actual ability to perform, performing small-amount contracts first or partially performing them Contract methods to induce the other party to continue signing and performing the contract;

(4) Accepting the goods, payment, advance payment or guaranteed property from the other party and then escaping;

( 5) Using other methods to defraud the other party of property.