Illegal fund-raising is a criminal activity that refers to a unit or individual raising funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other debt certificates, without approval from relevant departments in accordance with legal procedures, and committing to a certain period of time.

The act of repaying principal and interest or providing rewards to investors in currency, kind, or other ways.

The characteristics of fund-raising are as follows: 1. Fund-raising without the approval of relevant departments in accordance with the law, including fund-raising approved by departments without approval authority; departments with approval authority exceed their authority to approve fund-raising, that is, the fund-raiser does not have the subject qualifications for fund-raising; 2. Commitment within a certain period of time

Repay principal and interest to investors.

In addition to the main form of principal and interest repayment, there are also physical forms and other forms.

3. Raise funds from unspecified social objects.

The "unspecified object" here refers to the public, not a specific few people.

4. Use legal forms to conceal the essence of illegal fund-raising.

In order to conceal their illegal purposes, criminals often sign contracts with investors (victims) and disguise them as normal production and business activities to maximize their ultimate goal of defrauding funds.

Warm reminder: The above content is for reference only.

Response time: 2021-08-05. For the latest business changes, please refer to the official website of Ping An Bank.