Of course. I suggest you report it as economic fraud. If a suspected crime is found, it shall be promptly transferred to the public security organ for investigation and criminal responsibility shall be investigated according to law. The duty of China Securities Regulatory Commission is mainly to give opinions on the nature of illegal securities and futures cases from a professional perspective, and transfer cases according to the requirements of public security and judicial organs. 1. There is no clear definition of illegal fund-raising in current written laws and regulations. Only the Supreme People's Court's Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Fraud Cases (according to the provisions of the Legislative Law, judicial interpretation does not belong to legal provisions) stipulates that illegal fund-raising refers to "individuals, legal persons and other organizations illegally raising funds from the public without the approval of the competent authorities". According to the provisions of the Administrative Licensing Law, the regulations of ministries and commissions shall not set administrative licenses. According to the relevant laws and regulations, fund-raising activities that should be approved or obtained administrative license include: financial institutions absorb public deposits; Enterprises publicly issue stocks and bonds; Engaged in insurance business; Securities investment fund management institutions publicly issue funds, etc. 2. Article 192 of the Criminal Law, 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. 3. According to the Supreme People's Court's Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Fraud Cases, the fraudulent way of fund-raising fraud is "the perpetrator fabricates the purpose of fund-raising, and uses false certification documents and high return rate as bait" to raise funds; 4. According to the Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Fraud Cases, illegal fund-raising refers to "the act of individuals, legal persons and other organizations illegally raising funds from the public without the approval of the competent authorities". It can be seen that in the crime of illegal fund-raising, the actor's behavior should be "fund-raising" 5, the victims should be extensive, that is to say, the object is not specific. If a criminal suspect defrauded a certain number of acquaintances or just defrauded the public and private property of individual units, he can only be convicted of fraud. 6. Subjectively, the actor has the purpose of illegal possession of raised funds, and whether he has the purpose of illegal possession can be judged from the following behaviors: (1) absconding with raised funds; (2) the fund-raising funds are squandered, which makes it impossible to return the fund-raising; (three) the use of fund-raising funds for illegal and criminal activities, so that the fund-raising funds can not be returned; (4) Refusing to return the fund-raising funds due to other fraudulent acts, or making it impossible to return the fund-raising funds.