Yes. According to the "Criminal Law of the People's Republic of China and the People's Republic of China", if a party is defrauded and reports it to the public security agency in a timely manner, the public security agency will detect the case and capture the perpetrator, and it can be ordered to compensate the party. If the circumstances are serious, criminal liability may also be pursued. The "Criminal Law" stipulates that 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 surveillance, and shall also or solely 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.