Criteria for illegal fund-raising:

1. Absorbing funds without the legal approval of relevant departments or in the form of legal operation.

2. Publicize to the public through the media, promotion meetings, leaflets, mobile phone messages, etc.

3. promise to repay the principal and interest or pay the return in the form of money, kind, equity, etc. within a certain period of time.

in order to punish illegal fund-raising crimes such as illegally absorbing public deposits and fund-raising fraud, the Supreme People's Court, together with the China Banking and Insurance Regulatory Commission and other relevant units, studied and formulated the Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Criminal Cases of Illegal Fund-raising, which came into effect on January 4, 211.

Extended information:

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

Absorbing funds by issuing securities, membership cards or debt certificates.

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

divide the property, real estate and other assets into equal parts, and raise funds at high interest rate by selling their share.

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

Baidu Encyclopedia-illegal fund-raising