The main convener or person directly responsible for illegal fund-raising is suspected of fund-raising fraud and illegal absorption of public deposits, and shall be investigated for criminal responsibility according to law. If no one else is called to participate, it belongs to the victim and has no legal responsibility, but the money involved in illegal fund-raising is not protected by law. Relevant government departments will try their best to recover illegal fund-raising. If the raised funds cannot be repaid, the participants shall bear the losses themselves.

Illegal fund-raising violates criminal law and will be investigated for criminal responsibility.

Article 192 The crime of fund-raising fraud refers to illegal fund-raising by fraudulent means for the purpose of illegal possession. If the amount is relatively large, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; 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 not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.

Article 176 Crime of illegally absorbing public deposits Whoever illegally absorbs public deposits or absorbs public deposits in disguised form, thus disrupting financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined not less than 20,000 yuan but not more than 200,000 yuan; 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 not less than 50,000 yuan but not more than 500,000 yuan.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

Illegal fund-raising

Often under the guise of national, regional or industrial and financial development policies, they fabricate "investment projects" and "wealth management products", fabricate investment prospects, and use high profits as bait to illegally raise funds from the public.

1. In the name of overseas companies, falsely publicize the so-called investment in overseas wealth management, gold, futures and other projects, and some hold "investment" promotion conferences overseas, such as high-end hotels in Hong Kong, Macao and Taiwan and Southeast Asian countries;

2. A collective account is an account opened in China in the name of a foreigner to receive investment funds from investors;

3. The company's website registration place and server location that promises high returns are overseas, or the company's executives are foreigners, making false propaganda;

4. Take the appreciation of online virtual currency, spot trading, mutual fund assistance, gold, precious metals, futures and foreign exchange trading as gimmicks to induce investors to invest, especially to encourage others to develop and give them a commission;

5. Frequently change website names and investment projects;

6. There is no formal filing on the company website;

7. Personal account or cash will be used to collect funds, and some commissions, dividends and interests will be given for on-site or immediate delivery of principal;

8. Commitment to ultra-high rate of return, especially commitment to "static" and "dynamic" returns;

9. Obviously beyond the registered business scope of the company, especially without the qualification to engage in financial business;

10, set up stalls in streets, supermarkets, shopping malls and other crowded places to distribute advertisements of "wealth management products", especially for middle-aged and elderly people.

Victims of illegal fund-raising should trust the case-handling organs and the government, actively cooperate with evidence collection, and stop having illusions. It is necessary to keep relevant evidence of fund-raising, including loan contracts and bank transfer vouchers. China's relevant laws and regulations clearly stipulate that the losses suffered by participating in illegal fund-raising activities shall be borne by the participants themselves, resulting in debts and risks.