Is it a fraud to cash out the installment payment of mobile phones?

If you don't pay in installments, it is a breach of contract, and the amount is huge, which will lead to financial fraud. Fraud refers to the act of defrauding a large amount of public and private property by fabricating facts or concealing the truth for the purpose of illegal possession.

This kind of behavior does not use violence at all, but is carried out in a calm and even "pleasant" atmosphere. In addition, victims generally have poor awareness of prevention and are more likely to be deceived. Installment payment is mostly used for some products with long production cycle and high cost, such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment is the practice that after the import and export contract is signed, the importer pays a small part of the payment as a down payment to the exporter, and most of the rest is in the product part. ?

The abbreviation of cash withdrawal generally refers to the exchange of cash benefits by illegal or false means. Mostly used for credit card cashing, provident fund cashing, securities cashing, etc.

According to Liang Gao's Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, cashing refers to the direct payment of cash to credit card holders through fictitious transactions, false pricing and cash return. Using point-of-sale terminal equipment (POS machines) in violation of state regulations.

In the merchant risk management rules of UnionPay card acquirer of China UnionPay, the definition of cashing behavior is: the merchant colludes with bad cardholders or other third parties, or the merchant takes cash by fictitious transaction.