Question: Is it gambling technical fraud that you fail to cheat property and lose money
1. Fraud refers to the practice of defrauding public and private property with large amount of money by fabricating facts or concealing the truth for the purpose of illegal possession. Therefore, cheating by gambling is a fraud; 2. Article 266 of the Criminal Law 【 Crime of fraud 】 Whoever swindles public or private property, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or sentenced to confiscation of property. Where this Law provides otherwise, such limitation shall apply. Article 1 of the Interpretation on Several Issues Concerning the Specific Application of Law in Solving Criminal Cases of Fraud, where the value of public and private property defrauded is more than 3000 yuan to 10000 yuan, more than 30000 yuan to 100000 yuan, and more than 500000 yuan, it shall be identified as "a large amount", "a huge amount", and "a particularly large amount" as defined in Article 266 of the Criminal Law. The higher people's courts and people's procuratorates of all provinces, autonomous regions, and municipalities directly under the Central Government can jointly study and determine the specific amount standards to be implemented in their own regions within the amount range defined in the preceding paragraph by combining the economic and social development of their own regions, and report to the Supreme People's Court and the Supreme People's Procuratorate for filing
