Is Baiqian Finance legal?

Legal analysis: According to the relevant judicial interpretation, investors who are cheated in online investment activities belong to online telecom fraud and can report to the public security organs. If it is an irregular and illegal website, it will generally be subject to administrative punishment. If it is serious, it will constitute a crime of gambling and bear criminal responsibility. Gambling debts are not protected by law and are generally difficult to recover. You are also a suspect in gambling. You can collect evidence and call the police. If you can actively report other people's gambling, the public security organ will give a lighter punishment according to the specific situation.

Legal basis: Article 266 of the Criminal Law of People's Republic of China (PRC), 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 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.