Legal analysis: Deception is to obtain the other party's property or other items or feelings for yourself through fictional facts. Taking financial funds for the unit, falsely reporting projects and defrauding financial funds in the name of the unit should be an act of the unit, and the crime of fraud excludes the crime of the unit, so this act is characterized as defrauding financial funds by falsely reporting and taking the initiative.

Legal basis: Article 14 of the Regulations on Penalties and Punishment for Financial Violations, if an enterprise or individual commits any of the following acts, it shall be ordered to make corrections, adjust relevant accounting accounts, recover relevant funds illegally used or defrauded, give a warning, confiscate illegal income, and impose a fine of more than 50% for defrauding funds or more than 30% for illegally using funds10; The directly responsible person in charge and other directly responsible personnel shall be fined between 3,000 yuan and 50,000 yuan:

(1) defrauding financial funds promised or guaranteed by the government, loans from foreign governments and loans from international financial organizations by means of false reports or impersonator;

(2) misappropriating financial funds promised or guaranteed by the government, loans from foreign governments and loans from international financial organizations;

(3) illegally profiting from financial funds used for free, loans from foreign governments or loans from international financial organizations undertaken or guaranteed by the government;

(four) other acts of using or defrauding the financial funds and loans of foreign governments or international financial organizations promised or guaranteed by the government in violation of regulations.

Illegal acts in government procurement shall be dealt with and punished in accordance with the Government Procurement Law of People's Republic of China (PRC) and relevant laws and administrative regulations.