specific provision

Illegal fund-raising is an act of promising investors to repay the principal and interest within a certain period of time without the approval of the relevant departments according to law. The form of debt service is mainly currency, but there are also physical and other forms; Raise funds from unspecified objects in society. The "unspecified object" here refers to the public, not a specific minority; Cover up the essence of illegal fund-raising in a legal form. In the face of the chorus of some officials and illegal fund-raising enterprises, it is really hard to say that the latter must have dragged the former into the water, and it is hard to say that the former just "inadvertently" turned into a "living prop" and an "accessory". The public security and judicial organs severely crack down on illegal fund-raising activities according to law, and must not let these ambiguous "live props officials" go. As long as you participate in the "performance" of illegal fund-raising, you must bear the responsibility of party discipline and political discipline and legal responsibility, whether it is only the appearance fee or further operation.

Correlation classification

According to the relevant provisions of the Notice on Further Combating Illegal Fund Raising (Yinfa [1999] No.289), "illegal fund raising" can be summarized as follows:

(1) Absorb funds by issuing securities, membership cards or debt certificates.

It is common to issue or issue certificates of rights such as stocks, bonds, lottery tickets and investment funds in the name of futures trading and pawn, or illegally raise funds. Illegal fund-raising by claiming shares, participating in dividends, entrusting investment, entrusting financial management, etc. Illegal fund-raising through membership cards, membership cards, seat cards, discount cards, consumption cards, etc.

(2) Divide real estate, real estate and other assets into equal parts, and raise funds at high interest rate by selling their shares.

⊙ The latest change is: illegal fund-raising by selling its share and promising to sell it for leaseback, after-sale repurchase and regular rebate.

(3) Illegal fund-raising in the form of folk clubs.

⊙ Recent changes: using underground banks to raise funds.

(four) illegal fund-raising in the form of signing economic contracts such as commodity distribution.

⊙ Common ways are: selling and leaseback, repurchase and transfer, developing members, joining businesses and illegal fund-raising by "quick points method".

(5) Issuing lottery tickets or issuing them in disguised form to raise funds;

(six) illegal fund-raising in the form of pyramid schemes or secret series;

(7) illegal fund-raising in the form of orchard or manor development.

For example, illegal fund-raising in the name of planting, breeding, project development, manor development, ecological and environmental protection investment, etc.

(eight) the use of modern electronic network technology to build "electronic shops", "electronic department stores" and other "virtual" products to invest in entrusted operations, repurchase and other illegal fund-raising activities.

(nine) illegal fund-raising by setting up investment funds through the Internet;

(10) Illegal fund-raising in the form of "electronic gold investment".

trait

First, without the approval of the relevant departments according to law, including fund-raising without the approval of the approving authority;

Inter-provincial illegal fund-raising

The department with the power of examination and approval ultra vires to approve fund-raising, that is, the fund-raiser does not have the qualification of fund-raising subject.

2. Promise to repay the principal and interest to investors within a certain period of time. In addition to monetary forms, there are also physical forms and other forms of debt service.

Third, raise funds from unspecified objects in society. The "unspecified object" here refers to the public, not a specific minority.

Fourth, cover up the essence of illegal fund-raising in a legal form. In order to cover up their illegal purposes, criminals often sign contracts with investors (victims) and pretend to be normal production and business activities in order to maximize their ultimate goal of defrauding funds.

Three new functions

Hebei 13 cases of suspected illegal fund-raising are all in the form of direct absorption of public deposits or fund-raising fraud, which can be roughly divided into four categories: creditor's rights, equity, commodity marketing and production and operation, with three new features:

First, there are various ways to raise funds illegally. Most criminals register legitimate companies or enterprises in response to national industrial policies and support.

Illegal fund-raising of nearly 3 billion yuan, former chairman of Donghua

The banner of new rural construction has changed from traditional planting and breeding to engineering projects, scientific and technological development, investment in shares, consumption rebates and other ways.

Second, a variety of criminal acts are intertwined. Criminals interweave illegal fund-raising with economic crimes such as pyramid schemes and contract fraud. They use pyramid schemes to brainwash fund-raisers, promise various preferential conditions and profit models, and then lure fund-raisers to set up sets at different levels. Generally, in the initial stage of fund-raising, criminals often take the initiative to "honor" the promise of return, defraud the trust, attract more people to join, and the scale of fund-raising is rapidly enlarged geometrically.

Third, illegal fund-raising propaganda at all costs, using the media to create momentum. Such as hiring celebrity endorsers, publishing exclusive articles in some media, and using reports to publicize the "performance" of illegal enterprises; Put some illegal fund-raising funds into public welfare undertakings or make donations; Hire salesmen to rush into the community to distribute leaflets and spread fund-raising information; Organize various activities, pay dividends in cash on the spot, let participants taste the sweetness first, and publicize the "appearance statement" for illegal fund-raising activities.

Main means

1, illegally issuing securities. The Implementation Plan of China People's Bank on Rectifying Illegal Fund-raising, Approving the Establishment of Financial Institutions and Illegally Operating Financial Services (1July 29, 998) stipulates: "In accordance with the provisions of relevant laws and administrative regulations, enterprises must obtain the approval of the competent department of the State Council for raising funds by publicly issuing stocks and corporate bonds." At the same time, it is stipulated: "Without approval, it is not allowed to break through the issuance plan without authorization, and it is not allowed to set up or approve the issuance of unplanned bonds without authorization. Those who violate the regulations shall be investigated for legal responsibility in accordance with the Regulations on the Administration of Corporate Bonds. " If the above "Implementation Plan" is strictly interpreted, at this stage, before the introduction of specific provisions, the operation of mortgage-backed security in China is likely to be identified by relevant departments as suspected of illegal fund-raising. For another example, after the "Notice on Investigating the Reorganization of Listed Companies to be Issued" 1998 issued by the CSRC on June 6 stipulated the rule of "reorganization before issuance", the act of establishing a company by issuing shares or similar shares was also suspected of illegal fund-raising.

2. Illegally issuing creditor's rights certificates to unspecified social objects. This is a common case of illegal fund-raising, mainly because illegal fund-raisers raise funds by issuing creditor's rights certificates to unspecified social objects and promising to pay high returns when due.

3. Illegal issuance of membership cards and membership cards. 1993 On April 22nd, the Notice of General Office of the State Council on Immediately Stopping Illegal Fund Raising by Issuing Membership Cards was issued. According to the law, all forms of membership card issuance are illegal fund-raising until 1998 1 1 was issued by the People's Bank of China and the State Administration for Industry and Commerce.

Cases of illegal fund-raising in northern Anhui frequently generate high returns.

4, real estate, real estate and other assets are equally divided, and the right to dispose of shares is sold. The notice of the Ministry of Construction ((94) F.J.Z.Zi No.09) stipulates that the real estate property management department and the real estate development company issue the title certificate of one square meter, which violates the provisions of China's fund-raising laws and belongs to illegal fund-raising. 200 1 article 12 of the measures for the administration of commercial housing sales clearly stipulates: "commercial housing should be sold in sets, not in pieces."

5. Illegal fund-raising in the form of non-governmental organizations. If a foundation, mutual aid agency, savings agency, rural disaster relief and poverty alleviation savings agency or "bidding agency" is established without legal approval, illegal fund-raising or disguised deposit absorption, etc. In this regard, China People's Bank's "Implementation Plan on Rectifying Arbitrary Fund Raising, Unauthorized Occupation of Financial Institutions and Illegal Financial Business" has clearly defined the approval procedures and business license scope.

6. Illegal fund-raising in the form of signing economic contracts such as commodity distribution. For example, Henan Baihua Group illegally raised funds by signing a "chain marketing agreement" with the public, and for example, real estate developers illegally raised funds through the return of commercial housing sales.

7. Raise funds by issuing private lottery tickets or issuing lottery tickets in disguise. The Notice of the State Council on Strengthening the Management of Lottery Market (199165438+February 9) stipulates: "The power to issue lottery tickets is concentrated in the State Council. The people's governments of all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning and the relevant departments of the State Council shall submit the issuance plan and issuance method to the People's Bank of China six months in advance, and after being audited by the People's Bank, report it to the State Council for approval. " The Notice of the People's Bank of China on Strengthening the Management of Lottery Market (1999 65438+125 October) stipulates that the behavior of subordinates belongs to illegal fund-raising: "(1) Issuing lottery tickets in disguised form in the name of sales with prizes; (2) Private individuals issue and sell lottery tickets without authorization; (3) Issuing overseas lottery tickets in China; (4) Issuing lottery tickets by pyramid selling. "

8 pyramid schemes or secret series of illegal fund-raising. The Notice of the State Council on Prohibiting MLM Business Activities (Guo Fa [1998] 10) explicitly prohibits enterprises from adopting MLM business methods, and also explicitly prohibits the following disguised pyramid schemes: "(1) Transferring pyramid schemes from the public to the underground; (two) in the form of win-win system, computer network and framework marketing. ; (three) under the guise of monopoly, agency, franchise, direct sales, chain stores, online sales and other names to carry out disguised pyramid schemes; (four) membership cards, savings cards, lottery tickets, vocational training and other pyramid schemes or disguised pyramid schemes to defraud membership fees, franchise fees, license fees and training fees; (5) Other pyramid schemes and disguised pyramid schemes. " The State Administration for Industry and Commerce, the Ministry of Public Security and the People's Bank of China issued the Opinions on Severely Cracking Down on MLM, disguised pyramid selling and other illegal business activities on February 17, 2000, which clearly identified several disguised pyramid selling behaviors as illegal business activities.

Illegal fund-raising by leather bag companies

9 illegal fund-raising in the form of orchard or manor development. Around 1998, illegal fund-raising in the name of developing "orchards" and "manors" appeared in some areas. For example, an orchard development company illegally raised funds by publicizing that "as long as it invests 7,800 yuan, there will be 50 years of private orchards and 33 longan trees". The General Office of the State Council issued the Notice on Strengthening the Management of Land Transfer and Prohibiting Land Speculation (Guo Ban Fa [1999] No.39), which explicitly prohibits illegal fund-raising through land development, and stipulates: "Land for agricultural and forestry development must be registered according to law, and the planning requirements and the limited conditions for transfer and subletting must be clearly defined. Without approval, it may not be divided, transferred or sublet. " China People's Bank's Notice on Strengthening the Credit Management of Agricultural and Forestry Development Projects and Prohibiting Illegal Fund Raising in the Name of Land Development and Land Transfer (Yinfa [1999] No.254) also has relevant prohibition provisions.

The above are several types of illegal fund-raising cases clearly summarized in the Notice of the People's Bank of China on Further Combating Illegal Fund-raising and Other Activities (Yinfa (1999) No.289).

1 1, education reserve. In the previous stage, a large number of private schools around the country adopted the education charging method of education reserve fund, that is, students (families) were required to pay a large sum of money at one time (10 ~ 300,000), which was called "education reserve fund". At the same time, the school promises that students do not need to pay other fees during their stay at school, and can return the paid "education reserve fund" in the original amount when they leave school. With the outbreak of cases in Panyu and Wuhan, Hunan, where huge educational reserve funds cannot be returned to parents, various localities have issued policies to prohibit private schools from collecting any form of educational reserve funds, such as document No.2 of Guangdong Education Department (1999). Prior to this, Article 9 of the "Regulations on Resolutely Stopping Arbitrary Charges in Primary and Secondary Schools" issued by the State Education Commission on May 3, 199 1 year stipulated: "Fund-raising for running schools should follow the principle of voluntariness, according to one's ability and benefiting the people, and be implemented in accordance with the relevant regulations of the local people's government. Primary and secondary schools are not allowed to apportion fees to the masses and society themselves, nor are they allowed to charge students. " Article 37 of the Law on the Promotion of Private Education stipulates: "The items and standards for private schools to collect fees from educated people who receive academic education shall be formulated by the school, reported to the relevant departments for approval and publicity; The items and standards for charging other educatees shall be formulated by the school, reported to the relevant departments for the record and publicized. The fees charged by private schools should be mainly used for education and teaching activities and improving school conditions. " Therefore, private schools that collect education reserve funds from parents of students without the approval and publicity of relevant departments should be regarded as illegal fund-raising.

12. Local governments issue or issue local government creditor's rights in disguised form. Article 28 of the Budget Law clearly stipulates: "Unless otherwise stipulated by law and the State Council, local governments may not issue local government bonds". Therefore, the above-mentioned illegal fund-raising behavior is explicitly prohibited in the Implementation Plan for Remediation of Illegal Fund-raising, Illegal Approval of the Establishment of Financial Institutions and Illegal Financial Business. 13, engaged in illegal fund-raising in the name of "investment promotion". The Emergency Notice of the State Administration for Industry and Commerce on Investigating and Handling Illegal Fund-raising by Enterprises in the Name of Attracting Investment (Industrial and Commercial Enterprise Zi No.272 [1998]) stipulates that illegal fund-raising by enterprises in the Name of Attracting Investment shall be resolutely investigated and dealt with, and stipulates: "The industrial and commercial administrations at all levels shall strictly check and approve the business scope of enterprises according to regulations, and shall not check and approve" attracting investment "and similar irregular terms."

Illegal securities

In order to expose the harm caused by illegal fund-raising to society and the people, guide the people to enhance their legal awareness, risk awareness and identification ability, effectively curb illegal fund-raising criminal activities and maintain social stability. The term "stocks" as mentioned in these Measures refers to the public offering of stocks in disguised form without the approval of the securities regulatory authorities. Unauthorized public offering of shares refers to the behavior of more than 200 shareholders who issue shares to unspecified objects or specific objects without the approval of the CSRC according to law. Disguised public offering of shares refers to public offering of shares by means of advertisements, announcements, telephone calls and letters. , or shareholders themselves or entrust others to publicly transfer shares to the society. Where shares are transferred to a specific object, the number of shareholders of the company shall not exceed 200 without the approval of China Securities Regulatory Commission. Violating this law is also issuing stocks in disguise. Illegal securities business refers to securities underwriting, brokerage (agency trading), securities investment consulting and other securities businesses engaged by institutions and individuals without the approval of the CSRC. The main manifestations of illegal securities activities are: deceiving the public to buy so-called original shares or various fund shares, and falsely claiming that these securities will be listed on domestic and foreign stock exchanges; Selling so-called original shares or fund shares; Without the approval of the CSRC, in the name of so-called investment consulting institutions, property rights brokerage companies, representative offices of foreign-invested enterprises in China or even property rights exchanges and stock exchanges, illegally selling or buying and selling shares of unlisted companies to the public; Using high returns as bait and securities investment as the name to defraud people of money.

The female boss in Lishui, Zhejiang illegally raised 700 million yuan.

The public can identify illegal securities activities from two aspects: first, they can identify the issuance methods of securities, whether they are equity (stocks), bonds or funds, and whether they adopt the above-mentioned public issuance methods. If this method is adopted, it depends on whether it is approved by the relevant state departments and whether it is illegal. Secondly, from the identification of intermediaries that issue securities, we can see whether intermediaries engaged in securities underwriting and trading agent activities have obtained the approval of the CSRC. If not, it can be judged as illegal securities business. According to the provisions of the Securities Law, stocks, corporate bonds and other securities that are publicly issued according to law shall be listed and traded on the legally established stock exchange or transferred in other securities trading places approved by the State Council. Those so-called "original stocks", "overseas listed stocks", "Jinhui Fund", "Swiss mutual fund" and "Golden Finger Fund" are all scams. Investors must have a sense of self-protection and never take chances.

Trusteeship afforestation

"Trusteeship afforestation" is a phenomenon in recent two or three years. Its basic operation mode is generally to obtain the right to use forest land and forest ownership through leasing, contracting or other means, and then transfer it to scattered investors in society, and then the investors entrust the forest land and trees to the company for operation. This business model of transfer custody is extremely risky. It has been exposed that some companies have illegal behaviors in the course of operation, which has caused great economic losses to investors. These "managed afforestation" companies mainly adopt the following deceptive means:

One is to put a legal coat on the company. Generally, the mode of "managed afforestation" is strongly promoted in response to the spirit of Document No.9 of the Central Committee, which is a new mode for the state to encourage social subjects to participate in forestry construction investment and deceive investors. The second is to win the trust of investors under the guise of forest right certificate. "Trusteeship Afforestation" company promised to hand over the forest right certificate printed by the State Forestry Administration to investors or help them to handle it after they bought the trees, so that investors could believe that the trees are real and their rights and interests are guaranteed, but this is not the case. The third is to exaggerate the growth of forest trees and the return on forestry investment. Most "managed afforestation" companies promise high return on investment or output in their propaganda, and even promote zero risk in investing in forestry. In fact, the growth of trees is influenced by many factors, such as natural conditions, variety selection, management measures, natural disasters and so on. In the publicity, the "managed afforestation" company concealed the risks it had to bear in investing in forestry from investors. The fourth is to promise to have a professional management team and mechanical equipment to take care of the trees purchased by investors. In fact, it is difficult to monitor whether this promise is fulfilled. Some companies have no so-called professional management team at all, and have not implemented normal afforestation and management measures, and the growth of trees is also very poor. The fifth is to publicize that forest harvesting is not controlled by cutting quota indicators. This is seriously inconsistent with the provisions of current laws and regulations. According to the Forest Law, rural residents must apply for a cutting license to cut trees in accordance with the area, number of trees, tree species, time limit and cutting method specified in the license, except for cutting scattered trees in private plots and in front of houses and behind houses. Some "managed afforestation" companies use "whoever makes it" as an excuse, claiming that the parties want to cut it, but they are actually deceiving investors. 6. Dress up the company's business image and win the favor of investors: rent high-grade office buildings in important commercial areas as the company's business premises to create an image with operational strength; Claiming to have a group of experienced professional and technical managers to build professionalism; Set up various types of supervision committees, etc. , to reflect the investor's supervision over the company. Actually, it's part of the scam.

Wu Zhenhai, a representative of Shangqiu Municipal People's Congress in Henan Province, illegally raised 6 1 100 million yuan.

According to the Forest Law, the right to use timber forest, economic forest, firewood forest and their woodlands, the right to use woodlands where timber forest, economic forest and firewood forest are cut and burned, and the right to use other forests, trees and other woodlands specified by the State Council can be transferred according to law. In addition, the right to use other forests, trees and other woodlands may not be transferred. The state has not yet formulated specific circulation measures, and some provinces have formulated local regulations, which can be circulated according to local regulations. The state respects the business objectives of forest operators and protects their legitimate rights and interests, but there are specific laws and policies on forest harvesting. According to the provisions of the Forest Law, it is strictly forbidden to cut down places of interest and historical sites in special-purpose forests, trees in revolutionary memorial sites and forests in nature reserves; In addition to rural residents cutting private plots and scattered trees owned by individuals in front of and behind houses, they must apply for a cutting license according to the provisions of the cutting license. According to the provisions of the Forest Law and its implementing regulations, an application for cutting trees needs to be submitted to the local competent forestry authorities at or above the county level, including the purpose, location, forest species, forest condition, area, accumulation, methods and renewal measures, and the competent forestry authorities at or above the county level shall examine and issue the forest cutting license within the approved cutting quota and annual timber production plan according to the statutory issuing authority.

Reward bait

The bait of illegal fund-raising is ever-changing, which is "high return". Although the crime of illegal fund-raising has been repeatedly attacked by judicial organs, such cases have occurred frequently in recent years, and even intensified in some places. In the follow-up investigation, the reporter found that the crime of illegal fund-raising is showing four characteristics, which need attention and prevention from all parties. There are various illegal fund-raising activities in some places. Take Liaoning as an example. Some people plant trees, some raise ants, some raise geese, some sell food on commission, some invest in port construction, some invest in oil development, and some invest in beer production lines. What these illegal fund-raising activities have in common is that they take "high returns" as bait, and they are highly concealed, disguised and deceptive through media advertisements and mutual encouragement by relatives and friends. This illegal and criminal activity is embodied in the following four characteristics:

First, it is more deceptive and deceptive. The suspect of illegal fund-raising not only has the status of legally registered company and legal representative, but also deliberately uses the national industrial policy and economic revitalization situation to cleverly disguise and strengthen speculation. Some also set up relevant national offices without authorization, and used the signboard of scientific research units to "raise flags and fight tiger skins".

Second, criminal organizations are more rigorous. At present, fund-raising fraud, the crime of illegally absorbing public deposits and illegal pyramid schemes tend to merge. The main planners set up several branches in the same area or different areas behind the scenes, or remotely command in different places, and then temporarily hired social idlers to "go offline" to publicize development. The person in charge of the branch is mostly the person who made a profit from the previous investment. The remuneration of major members shall be paid in proportion to the amount of funds raised. This level of fraud and control.

Third, the composition of investors continues to expand. The victims of fund-raising fraud cases are mostly laid-off workers in cities, workers who have bought out their working years, farmers in richer areas and social idlers. But there is a tendency to expand to college students, urban white-collar workers and individual entrepreneurs.

Fourth, crimes committed in different places are outstanding. Fund-raising fraud has the characteristics of cross-regional and even transnational crime, with fast capital flow and transfer, great influence and harm, which is not conducive to investigation.

Leadership props

Why do leading cadres become "live props" for illegal fund-raising? In the investigation, the public security organs found that some officials were sitting on the rostrum after some enterprises suspected of illegal fund-raising were established for a period of time. On the anniversary of the enterprise, some officials went to Kan Kan to talk. The walls of these corporate offices are covered with photos of officials and business owners, and the photos inspected by officials occupy the most conspicuous position in corporate brochure. There are various indications that there is an unusual interest relationship between these officials and enterprises that raise funds illegally. Xinhua News Agency published a commentary on "Leading Cadres Beware of Being Live Props for Illegal Fund-raising", arguing that "a few leading cadres have become live props and advertisements for illegal fund-raising, exposing many problems in their ideological style and work style". "Although the vast majority of leading cadres are live props for illegal fund-raising, their huge advertising effect is exactly what these fraudulent companies dream of, which objectively plays a great misleading role". It can be said that these officials who are closely related to illegal fund-raising enterprises are called "live props", which are not framed and belittled at all. Such "live props" are far from unique to Anhui and are often seen in other places. Moreover, some officials did not "inadvertently" act as "props" for illegal fund-raising enterprises-since they are local officials, they will not be easily deceived "imbeciles" in terms of their status, knowledge and ability to obtain information and use resources, so they will not be without reason. Their great misleading effect on the masses and society is often not only an objective result, but also a subjective component.

Careful analysis shows that some officials have become "live props" of illegal fund-raising enterprises, and there are generally three forms of expression. First, officials only attend corporate meetings and participate in corporate activities, without more and deeper participation. As long as officials appear at meetings and cut the ribbon at activities, enterprises will have the opportunity to use the image of officials to advertise; At the same time, some officials will not be busy cutting the ribbon in vain. They will charge "appearance fees" ranging from 1000 yuan to 10000 yuan. The value of these officials may not be high compared with that of celebrities, but it is very sad that they "sell" their image to enterprises in this way. Second, some officials are not satisfied with the acquiescence of illegal fund-raising enterprises to hang their photos on the wall to solicit business, but participate in illegal fund-raising activities themselves and "sit in the village" and "trade" with illegal fund-raisers to reap huge profits. For example, an illegal fund-raising case was uncovered in Dandong City, Liaoning Province, and a nurse with only secondary school education illegally absorbed more than 6,543,805 yuan of public deposits. The police found that an important reason why the case developed to such a scale was that a few officials were directly involved. Better than the above two forms, party and government organs and government departments in some places do not hesitate to overdraw the credibility of public power and provide credit guarantees for enterprises that raise funds illegally. For example, the case of illegal absorption of public deposits by Shuangyang Group in Taihe County, Anhui Province involved a total amount of 640 million yuan. The reason why the case lasted for nearly ten years and involved more than 6,000 people in public deposits was because a group of local leaders often patronized Shuangyang Group, putting on one brilliant laurel after another for the Group and its responsible persons. When there was a problem in the capital chain of Shuangyang Group, the local government even used financial funds to give assistance, which caused greater deception in society and made more people fall into fraud.

4 recognition method editing

Illegal fund-raising has various forms, and its concealment and deception are getting stronger and stronger. How to identify and prevent illegal fund-raising, the relevant departments suggest:

Carry out illegal fund-raising prevention work

First of all, recognize the nature and harm of illegal fund-raising.

Two, the correct identification of illegal fund-raising activities, mainly depends on whether the subject qualification is legal, and whether the fund-raising activities it is engaged in are approved by the relevant authorities.

Third, enhance the awareness of rational investment. High returns are often accompanied by high risks, and irregular economic activities contain great risks. Therefore, we must enhance the awareness of rational investment and protect our rights and interests according to law.

Fourth, enhance the awareness of participating in illegal fund-raising. Illegal fund-raising is illegal, and the funds and related interests invested by those who participate in illegal fund-raising are not protected by law. Therefore, when some units or individuals peddle high-interest deposits, stocks, bonds, funds and development projects with high return on investment, they must carefully identify and invest cautiously.

5. Edit relevant suggestions

Illegal fund-raising has various forms, and it is more and more concealed and deceptive. How to identify and prevent illegal fund-raising? The relevant departments suggested that:

MLM impression

1. We should clearly understand the nature and harm of illegal fund-raising, improve our identification ability, and consciously resist all kinds of temptations. Firmly believe that "there will be no pie in the sky", calmly analyze the investment projects with "high return" and "get rich quickly" to avoid being deceived.

2. According to the basic characteristics of illegal fund-raising, it mainly depends on whether the subject qualification is legal and whether the fund-raising activities are approved; Whether to promise to return it.

We should strengthen the consciousness of rational investment. High investment is often accompanied by high risks, and irregular economic activities contain such great risks.

4 to enhance the awareness of participating in illegal fund-raising at your own risk. Be careful to identify and invest.