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Six Characteristics Of Illegal Fund-Raising

2011/1/5 10:05:00 67

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Characteristics Of Illegal Fund-Raising

Judicial interpretation issued by the Supreme People's court

Illegal fund-raising

The interpretation of certain issues concerning the specific application of criminal cases came into force on the 4 th.

Held on 4 th.

Supreme People's court

At the press conference, Liu Zhangjun, director of the inter ministerial Joint Conference on illegal fund-raising, summed up the six characteristics of illegal fund-raising.

According to Xinhua news agency, in recent years, illegal fund-raising activities are rampant, the number of cases is high, the number of major cases is frequent, involving a wide range of industries, involving many industries, and many people involved in raising funds, not only seriously harming the interests of the masses, but also seriously affecting social stability and national economic security. Illegal fund-raising has evolved into a typical economic crime involving people.

In January 8, 2007, the 18 ministries and units, including the Central Propaganda Department, the Supreme People's court, the Supreme People's Procuratorate and the Ministry of public security, formed an inter ministerial joint meeting to work together with local governments to combat illegal activities.

Fund-raising crime

。

Liu Zhangjun concluded that the six major characteristics of illegal fund-raising are:

The case is running at a high level.

In recent years, the number of illegal fund-raising cases has increased by about 2000 per year and 20 billion of the fund raising.

Considering the fact that some illegal fund-raising cases are directly handled by the administrative departments and so on, the number and amount of actual cases far exceed those.

Under the influence of the current international and domestic economic environment, the illegal fund-raising cases and risks will continue to operate at a high level in the coming period, and may be concentrated in some areas, industries and time points.

It involves a wide area and involves many industries.

According to the preliminary collection of cases in the 4 years since the establishment of the inter ministerial joint conference, the illegal fund-raising cases involve 29 provinces and municipalities throughout the country, involving more than 80% of the cities and towns in the whole country.

It involves agriculture, forestry, real estate, mining, manufacturing, services, wholesale and retail, construction, finance, food processing, tourism, health care and education. Some cases even involve many industries.

- illegal fund-raising forms are various and means concealed.

At present, the form of illegal fund-raising has been pformed from direct deposit taking to production and business investment, from single creditor's rights to equity or even creditor's rights and equity. From single crime to organization, intelligence and networking, the means are more concealed and more fraudulent.

Many illegal fund-raising activities often use high yield and high return as bait. Under the banner of "supporting local economic development", "advocating green consumption", "capital operation", "developing agriculture, rural areas and farmers" and so on, under the banner of legitimate companies, they are trying to deceive people's property by issuing securities, investment and financing, venture capital, gold futures trading and timeshare.

Some criminals also cross funds illegally and raise funds by means of multiple industries.

There are many cases across the province, involving huge sums.

Many illegal fund-raising enterprises run across the administrative area by committing branches, agencies or branches or subsidiaries in different places.

Some illegal fund-raising enterprises take the form of registration in one province and illegal fund-raising in another province to cover up the crime and evade the blow.

Even some criminal offenders are being investigated for legal responsibility or released after their sentence, and they continue to raise funds illegally in other provinces.

By the end of 9 in 2010, 30% cases involving cross provincial cases accounted for 77% of the 262 cases directly coordinated in the office of the inter ministerial joint office.

- the number of illegal fund-raising cases such as intermediaries has increased and risks have emerged.

Some Guarantee Corporation, real estate intermediary companies, investment consulting companies and other intermediary agencies use high returns as bait to illegally absorb public funds, and then invest or lend them to others for illegal gains.

Some companies and individuals, taking the name of private lending as a bait with high returns, wantonly engage in illegal fund-raising activities, and some local folk "club" and "social" vicious development caused capital chain breakage and "meeting heads" to escape and other events, which made bad effects on local economic and social order, and caused unrecoverable economic losses to participants.

Illegal fund-raising seriously damages the interests of the masses and affects social stability.

Illegal fund-raising activities attract public funds by attracting, even deceiving and deceiving people through high yield, high returns and other temptations, putting the legitimate assets of fund-raising participants at high risk.

Some illegal criminals took advantage of the money they had received to pay for the previous absorption of funds, and made a huge investment trap for fund-raising participants.

Many criminals are wasting, wasting, pferring or illegally occupying the lawful property of the participants, causing serious economic losses to the majority of fund-raising participants, and some even bankrupt and lose their blood. This seriously affects social stability.