The crime of contract fraud cannot be mediated. Whoever, for the purpose of illegal possession, defrauds the other party of money or property in the course of signing or performing a contract, if the amount involved is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined.
[Legal Basis]
Article 224 of the Criminal Law: Whoever, in any of the following circumstances, defrauds the other party's money or property during the signing or performance of a contract for the purpose of illegal possession, if the amount involved is relatively large, 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 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 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:
（1） Signing a contract in the name of a fictitious unit or another person;
（2） Using forged, altered or invalidated bills or other false property rights certificates as security;
（3） Without the actual ability to perform, luring the other party to continue signing and performing a contract by performing a small contract first or partially;
（4） Escaping after receiving the goods, payment for goods, advance payment or security property from the other party;
（5） Defrauding the other party's property by other means.
