Legal basis:

Article 224 of the Criminal Law of the People's Republic of China commits any of the following acts, and defrauds the other party of property for the purpose of illegal possession in the process of signing and performing a contract. If the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, 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 but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined or confiscated:

(1) signing a contract with a fictitious unit or using another person's name;

(2) using forged, altered or invalid bills or other false certificates of property rights as the guarantee;

(3) having no actual performance ability, tricking the other party into continuing to sign and perform the contract by performing the small contract first or partially;

(4) escaping after receiving the goods, payment, advance payment or secured property from the other party;

(5) defrauding the other party's property by other means.