First, it is not a formal platform.
Lu Yu Tea Exchange, a so-called local trading platform with spot trading qualification, carries out warehouse receipt trading under the banner of "legal compliance and state-owned assets background", and promises that as long as a certain amount of capital is invested, it can obtain a fixed high income through trading orders. Luyu Tea Exchange Luyu Exchange is obviously suspected of illegally absorbing funds and is suspected of pyramid schemes.
Second, the relevant qualifications have not been obtained.
The land exchange has not obtained the approval of the central financial management department or the local financial supervision department, and is not qualified to engage in financial business such as taking deposits, issuing loans, selling private equity funds and selling insurance. The operating mode of platform companies such as Lu Yu Tea Exchange violates the law of market value. Once the capital chain breaks, participants will face serious losses. According to the relevant regulations, participating in illegal fund-raising and illegal futures trading is not protected by law, and the risks and responsibilities are borne by you; It is illegal to participate in pyramid schemes and will bear corresponding responsibilities according to law.
legal ground
The relevant provisions of the Criminal Law of People's Republic of China (PRC): Article 176 The crime of illegally absorbing public deposits refers to those who illegally absorb public deposits or absorb public deposits in disguised form, disrupting financial order, and shall be sentenced to fixed-term imprisonment of not more than three 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 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.
Article 192 stipulates that 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.