1. Illegal fund-raising is a criminal activity. (According to the provisions of the Notice on Banning Illegal Financial Institutions and Illegal Financial Business Activities), it refers to the act 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.

Second, in order to punish illegal fund-raising criminal activities such as illegally absorbing public deposits and fund-raising fraud, the Supreme People's Court, together with China Banking 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 20 1 1 year 10/4.

Third, illegal fund-raising is a promise to investors to repay the principal and interest within a certain period of time without the approval of the relevant departments according to law. The form of debt service is mainly currency, but there are also physical and other forms; Raise funds from unspecified objects in society. The "unspecified object" here refers to the public, not a specific minority; Cover up the essence of illegal fund-raising in a legal form. Faced with the chorus of some officials and illegal fund-raising enterprises, it is really hard to say that the latter must have dragged the former into the water, and it is hard to say that the former just "inadvertently" became a "living prop" and an "accessory". The public security and judicial organs severely crack down on illegal fund-raising activities according to law, and must not let these ambiguous "live props officials" go. As long as you participate in the "performance" of illegal fund-raising, you must bear the responsibility of party discipline and political discipline and legal responsibility, whether it is only the appearance fee or further operation.

4 without the approval of the relevant departments in accordance with the law to raise funds, including without the approval of the department with approval authority; The inter-provincial illegal fund-raising department with the power of examination and approval ultra vires to examine and approve fund-raising, that is, the fund-raiser does not have the qualification of fund-raising subject, and promises to repay the principal and interest to investors within a certain period of time. Debt service is mainly in the form of money, but there are also physical and other forms.

Fifth, raise funds from unspecified objects in society. The "unspecified object" here refers to the public, not a specific minority. 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 (victims) and pretend to be normal production and business activities in order to maximize their ultimate goal of defrauding funds.