"Illegal fund-raising" means 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. Many people think that it is not cost-effective to deposit money in the bank with low interest, and they have no professional knowledge in investment. Therefore, as long as someone can pay high interest, or see others get rich benefits (often superficial) from illegal fund-raising, they can't help but be tempted to lend their hard-earned money to units and individuals that have not been approved by the relevant departments in accordance with legal procedures, or even sell their own houses to raise funds. As we all know, participating in illegal fund-raising will often make you lose a lot, not only the interest will turn into soap bubbles, but also the principal will be beaten. The harm of illegal fund-raising is enormous, which not only disturbs the socialist market economic order, but also harms the masses and society and harms the interests of the masses. Many citizens lent money with confidence, and at first they tasted a little sweetness (interest), but in the end they lost all their money. They really want to cry. The fund-raising case in Jishou City, which happened around us, is typical. When money evaporates like air, it is the masses who suffer. Some citizens not only return to poverty because of raising funds, but also are too poor to afford daily necessities and even homeless; Although some citizens have not yet reached this point, they wish to break a dollar into two halves. According to people who have been to Jishou City, the air-conditioned bus that cost 2 yuan was not taken, and many taxi drivers were laid off. It can be seen that the harm of illegal fund-raising to the public is enormous. Seriously endanger society. Illegal fund-raising not only undermines the normal operation of national finance, but also disrupts social order and damages the image of the government and the country. When illegal fund-raising cases break out, social security will fluctuate, the safety factor of citizens' travel will decrease, crimes against law and discipline will increase, and the local economy will also decline seriously. It can be seen that the harm of illegal fund-raising is enormous. In addition to the relevant governments actively cracking down on illegal fund-raising, the general public should also strengthen their awareness of self-protection and enhance their immunity, even if illegal fund-raising is thousands of miles away. Only in this way can illegal fund-raising not exist and disappear.