Illegal fund-raising is a criminal activity, which 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 to investors in cash, in kind or in other ways within a certain period of time. The characteristics of illegal fund-raising are: first, fund-raising without the approval of relevant departments according to law, including fund-raising without the approval of departments without approval; Second, promise to repay the principal and interest to investors within a certain period of time. The form of debt service is mainly currency, but there are also physical and other forms; 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, pretending to be normal production and business activities, and maximizing the ultimate goal of defrauding funds.

law

Measures for Banning Illegal Financial Institutions and Illegal Financial Business Activities Article 4 The illegal financial business activities mentioned in these Measures refer to the following activities without the approval of the People's Bank of China:

(1) illegally absorbing public deposits or absorbing public deposits in disguised form;

(2) illegally raising funds from unspecified objects in any name without legal approval;

(three) illegal loans, settlement, bill discount, capital lending, trust and investment, financial leasing, financing guarantee, foreign exchange trading;

(4) Other illegal financial business activities identified by the People's Bank of China.

The illegal absorption of public deposits mentioned in the preceding paragraph refers to the activities of absorbing funds from unspecified social objects without the approval of the People's Bank of China, issuing certificates and promising to repay the principal and interest within a certain period of time; The term "absorbing public deposits in disguised form" as mentioned in these Measures refers to the activities of absorbing funds from unspecified social objects without the approval of the People's Bank of China, but with the same nature as absorbing public deposits.

Article 192 of the Criminal Law of People's Republic of China (PRC), whoever illegally raises funds by fraudulent means for the purpose of illegal possession, if the amount is relatively large, 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.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.