Illegal fund-raising in disguised form (according to the provisions of the Notice on Banning Illegal Financial Institutions and Illegal Financial Business Activities) refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of the relevant departments in accordance with legal procedures, and promises to repay the principal and interest in cash, in kind or in other ways within a certain period of time or give investors a return. "Illegal fund-raising" can be summarized as: (1) absorbing funds by issuing securities, membership cards or debt certificates. It is common to issue shares, bonds, lottery tickets, investment funds and other rights certificates in the name of futures trading, pawn, etc. 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 ones are: illegal fund-raising by means of commodity sales and leaseback, repurchase and transfer, membership development, business joining and "quick integral 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 is carried out in the name of planting, breeding, project development, manor development and eco-environmental investment. (eight) the use of modern electronic network technology to build "electronic stores", "electronic department stores" and other "virtual" products to invest in entrusted operations, repurchase and other illegal fund-raising acts. (nine) illegal fund-raising by setting up investment funds through the Internet; (10) Illegal fund-raising in the form of "electronic gold investment". And it has the following characteristics: 1, illegally raising funds from the society (especially from unspecified objects) without the approval of relevant regulatory authorities; 2. Absorbing social funds without approval; Public and private issuance of stocks and bonds without approval. The second is to promise to give investors a return on investment in the form of money, physical objects and equity within a certain period of time. Some lawless elements absorb funds by providing seedlings and other forms, and promise to pay returns by purchasing or underwriting products; Others absorb funds in the form of commodity sales and give returns in the form of promised leaseback, repurchase and transfer. The third is to cover up the purpose of illegal fund-raising in a legal form. In order to cover up their illegal purposes, criminals often sign contracts with the victims, pretending to be normal production and business activities, and maximizing the ultimate goal of defrauding funds. 3. Seriously damage the interests of the masses and affect social stability. 4. Illegal fund-raising is deceptive and easy to spread. After defrauding the masses of funds, criminals often squander or quickly move to hide, causing great losses to the victims (mostly laid-off workers and retirees), easily triggering mass incidents and even endangering social stability. 5. Damage the reputation and image of the government. Illegal fund-raising activities often commit crimes in the name of "responding to national forestry policies" and "supporting the protection of ecological environment", which not only affects the implementation of national policies, but also seriously damages the reputation and image of the government. But in fact, its essence is to use the gambler psychology of the public. When we see high-yield currency exchange, we are often confused by its promised "future expectations", so we can't walk into the scam.