Anyone who defrauds RMB 2 million will be sentenced to fixed-term imprisonment of more than ten years or life imprisonment.

The crime of fraud refers to the act of using deceptive methods to obtain relatively large amounts of public or private property for the purpose of illegal possession.

There are three punishment methods for the crime of fraud. The specific circumstances are as follows:

1. Anyone who commits this crime shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or surveillance, and shall also or solely be fined. ;

2. 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;

3. The amount is particularly huge or there are other particularly serious circumstances. If the circumstances are serious, 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.

Laws and Regulations

"Criminal Law of the People's Republic of China"

Article 196 The crime of credit card fraud falls under any of the following circumstances. Whoever commits credit card fraud and the amount involved is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years. and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; 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 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or have his property confiscated:

(1) Using a forged credit card, or using a credit card fraudulently obtained with false identification;

(2) Using an expired credit card;

(3) Pretending to use other people’s credit cards;

(4) Malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return the card after being called upon by the card-issuing bank. Article 195 The crime of letter of credit fraud falls under any of the following circumstances. Anyone who engages in letter of credit fraud shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there is If the amount is extremely huge or there are other particularly serious circumstances, the offender shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and a fine of not less than 50,000 yuan but not more than 500,000 yuan. A fine of not less than 50,000 yuan but not more than 500,000 yuan or property confiscation may be imposed:

(1) Using a forged or altered letter of credit or accompanying documents or documents;

(2) ) Using a voided letter of credit;

(3) Fraudulently obtaining a letter of credit;

(4) Using other methods to conduct letter of credit fraud.