The so-called crime of loan fraud is one of the financial crimes stipulated in the criminal law. According to Article 193 of the Criminal Law, the crime of loan fraud belongs to one of the following circumstances. Whoever defrauds a bank or other financial institution of loans for the purpose of illegal possession, if the amount 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, or if there are other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than five years. He shall be sentenced to fixed-term imprisonment of not more than 10 years and fined not less than 50,000 yuan but not more than 500,000 yuan, or if 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 his property shall be confiscated: (1) fabricating false reasons such as introducing funds and projects; (3) Using false certification documents; (four) with false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral; And (5). Legal basis: Article 193 of the Criminal Law of People's Republic of China (PRC) defrauds banks or other financial institutions of loans for the purpose of illegal possession. If the amount is relatively large, he 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, or if 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, or if there are other particularly serious circumstances. Sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and concurrently fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property: (1) fabricating false reasons such as introducing funds and projects; (two) the use of false economic contracts; (3) Using false certification documents; (4) Taking false property rights certificates as collateral or repeatedly guaranteeing beyond the value of collateral; (5) obtaining loans by other means.

Insurance fraud is a kind of insurance fraud, and it is very common to cheat medical insurance and insurance. 2021February 19 The first regulation on the supervision and management of the use of medical insurance funds was promulgated! Those who cheat insurance will be fined more than 2 times and less than 5 times the amount defrauded.