Pension fraud involves six types of crimes.

(1) Providing false pension services. This kind of illegal crime is mainly manifested in the forms of family care, institutional guardianship and bed provision. By tricking middle-aged and elderly people into signing contracts, paying membership fees, buying beds for the aged, and prepaying the fees for aged care services. , illegal possession of other people's money, suspected of contract fraud and ordinary fraud.

(2) Investing in false pension projects. This kind of illegal crime is mainly manifested in the forms of investing in pension insurance projects, investing in the establishment of pension homes, buying pension apartments, taking shares in health bases, regular after-sales rebates, high dividends, etc., and it is suspected of tricking middle-aged and elderly people into participating in illegal fund-raising or illegally absorbing public deposits.

(3) The crimes of selling false products for the elderly are mainly manifested in providing free sightseeing, emotional escort, false publicity and other means, taking the form of commodity repurchase, consignment, consumer rebate, conference marketing, health lectures and so on. Deceiving middle-aged and elderly people to buy health care products or fake and shoddy products with inflated prices is suspected of selling fake and shoddy goods and ordinary fraud.

(4) The illegal crimes such as falsely claiming to provide for the aged with housing are mainly manifested in explaining and publicizing the elderly in the form of providing for the aged, tricking them into forming the consumption concept of "reverse mortgage" of housing property rights, illegally signing loan contracts or related agreements with middle-aged and elderly people, and tricking them into buying the so-called wealth management products promoted by them with the funds from mortgaged houses, thus committing fraud or illegal fund-raising.

(5) The illegal crime of falsely handling endowment insurance is mainly manifested in the fact that the staff of banks and insurance institutions fabricate or exaggerate the benefits of insurance projects, conceal the real procedures of insurance claims, set traps, induce consumption, and are suspected of contract fraud; Some staff posing as banks and insurance institutions charge middle-aged and elderly people with material and welfare expenses on the grounds of "early retirement" and "endowment insurance", and defraud victims of insurance money for the purpose of illegal possession.

(VI) False old-age assistance, which is an illegal crime, is mainly manifested in various forms of fraud after gaining the trust of middle-aged and elderly people in the form of compulsory medical care, psychological care, life support, charitable donation, voluntary service and organizing cultural activities.

There are eight common types of fraud involving the elderly:

1, "investment and financial management" scam: criminals fabricate financial management projects or exaggerate investment returns under the signs of "state support" and "policy subsidies", promise "low risk and high return", attract investment, and abscond directly with money, resulting in the elderly losing all their money.

2. Fraudulent scheme of "providing for the aged with housing": In the name of "providing for the aged with housing", criminals tricked the elderly into taking out real estate mortgage, and then maliciously used notarization, arbitration, litigation or violence and threats to illegally occupy the real estate of the elderly, resulting in the elderly being homeless and heavily in debt.

3. "Insurance agency" scam: criminals pretend to be staff members of hospitals, banks, insurance companies and other institutions, taking advantage of the elderly's desire for security in their old age, falsely claiming that they can pay "social security" and collect "material fees" and "service fees" on their behalf.

4. "Wan Wen Collection" scam: Some lawless elements use helping the elderly to auction their "old things" such as food stamps, stamps and wrong editions of RMB as bait, and fabricate high prices to trick the elderly into entrusting them to auction on their behalf, and collect "auction fees" and "service fees"; Some criminals pretend that the company's inferior handicrafts are high-end collectibles, and falsely promise that they will greatly increase in value in the short term, and the company will sell or buy them back at a high price to trick the elderly into buying them at a high price; Some lawless elements combine the "chain", first use high-priced auctions as bait to attract the elderly to the company for interviews, and then sell inferior handicrafts and implement "cheating".

5 "health care" scam: criminals lured the elderly to participate in activities such as "health talks" and "expert free clinics" with free physical examinations and prizes as bait, and used "secret recipe handed down from ancestors" and "for exclusive use" as gimmicks to fabricate or exaggerate the efficacy of products to trick the elderly into buying "drugs", "health care products" and "physiotherapy instruments".

6. "Street superstition" scam: criminals claim to be "magic doctors" or "masters", fictionalize that the elderly themselves or their families will have diseases and disasters, and make up stories to "avoid misfortune" as long as they "open the altar" for cash, money and gold and silver jewelry, and then collude with their associates to switch packages or defraud money, resulting in property losses for the elderly.

7. "Love" scam: "Love" scam is a kind of "killing pig dishes". Criminals take advantage of the lack of emotion and loneliness of single elderly people to make friends through the internet or text messages, and then fabricate various reasons to ask for money.

8. "Caring and helping" scam: criminals cheat under the banner of "caring for the elderly" and "helping the disadvantaged groups", and some organize tourism activities to cheat by inducing, bundling sales or collecting membership fees in disguise; Some pretend to be employees of gas and water companies or community and medical personnel, and cheat on the grounds of checking pipelines and detecting nucleic acids; Some use the kindness and compassion of the elderly to illegally raise funds through false propaganda of "charity activities" and "public welfare projects".

Legal basis:

Criminal law of the people's Republic of China

Article 224- 1 stipulates that those who organize and lead business activities such as selling goods and providing services, require participants to obtain the qualification to join by paying fees or purchasing goods and services, form hierarchies in a certain order, directly or indirectly use the number of people who have developed as the basis for remuneration or kickbacks, induce or coerce participants to continue to develop pyramid schemes in which others participate, defraud property and disrupt economic and social order, and shall also be sentenced to fixed-term imprisonment of not more than five years or criminal detention. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and fined.

Article 266 Whoever defrauds public or private property in a relatively large amount 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 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 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.