Whoever commits a huge amount of fraud of RMB 100,000 or has other serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years. Whoever defrauds public or private property and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and may 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 three years and not more than 10 years, and shall also be fined; If the amount is particularly huge or there are other particularly serious circumstances, the offender shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or have property confiscated. Those who defraud public or private property worth 3,000 yuan to more than 10,000 yuan, 30,000 yuan to more than 100,000 yuan, or more than 500,000 yuan shall be deemed as "relatively large amounts" and "large amounts" as stipulated in Article 266 of the Criminal Law respectively. "The amount is huge" and "The amount is extremely huge".
What is a crime of negligence:
One should foresee that one's actions may have consequences that are harmful to society, and fail to foresee them due to negligence, or have already foreseen them and believe that they can be avoided, so that such consequences occur. The result is criminal negligence. For crimes of negligence, criminal liability is only stipulated by law.
To sum up, anyone who defrauds a huge amount of RMB 100,000 or has other serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years. Whoever defrauds public or private property and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and may 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 three years and not more than 10 years, and shall also be fined; If the amount is particularly huge or there are other particularly serious circumstances, the offender shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or have property confiscated.
Legal basis:
Article 266 of the "Criminal Law of the People's Republic of China"
For defrauding public or private property, if the amount is relatively large, The offender shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, 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 and not more than 10 years, and shall also be fined; if the amount is particularly huge or there are other particularly serious circumstances , shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined or have property confiscated. If this law provides otherwise, the provisions shall prevail.