2. The act of illegally absorbing public deposits refers to the act of illegally absorbing public deposits or absorbing public deposits in disguised form in violation of financial management laws and regulations, disrupting financial order.
3. If the act of illegally absorbing public deposits is serious, it is not only an illegal act, but also a crime of illegally absorbing public deposits.
Interpretation of the Supreme Court on Cases of Illegal Fund-raising
Article 1 The act of absorbing funds from the public (including units and individuals) in violation of the national financial management regulations shall be deemed as "illegally absorbing public deposits or absorbing public deposits in disguised form" as stipulated in Article 176 of the Criminal Law, unless otherwise stipulated in the Criminal Law:
(a) without the approval of the relevant departments according to law or in the form of borrowing legal business to absorb funds;
(two) through the media, promotion meetings, leaflets, mobile phone messages and other means to promote to the society;
(3) Commitment to repay the principal and interest or pay the return in the form of currency, material object or equity. In a certain period of time;
(four) to absorb funds from the public, that is, the social unspecified objects.
It is not illegal or disguised to absorb public deposits by absorbing funds from relatives, friends or units to specific objects without publicity to the society.
Article 2 Anyone who commits any of the following acts and meets the conditions stipulated in the first paragraph of Article 1 of this Interpretation shall be convicted and punished for the crime of illegally absorbing public deposits in accordance with the provisions of Article 176 of the Criminal Law:
(a) does not have the real content of real estate sales or does not take real estate sales as the main purpose, and illegally absorbs funds by means of returning to the original sales, after-sales charter, agreed repurchase, and selling real estate shares;
(two) illegally absorbing funds through the transfer of forest rights and management on behalf of others;
(3) illegally absorbing funds by planting (breeding), renting planting (breeding) or joint planting (breeding);
(four) illegally absorbing funds by means of commodity repurchase or consignment. There is no real content of selling goods or providing services or the main purpose is to sell goods or provide services;
(five) illegally absorbing funds by means of false transfer of equity or sale of fictitious bonds, etc., which do not have the true contents of issuing stocks and bonds;
(6) Raising funds without real content, illegally absorbing funds by means of overseas funds or selling fictitious funds;
(seven) without the real content of selling insurance, illegally absorbing funds by means of counterfeiting insurance companies or forging insurance documents;
(8) illegally absorbing funds by investing in stocks;
(9) Illegally absorbing funds by means of entrusted financial management;
(ten) the use of "associations", "social groups" and other non-governmental organizations to illegally absorb funds;
(eleven) other acts of illegally absorbing funds.
Article 3 Whoever illegally absorbs or conceals public deposits shall be investigated for criminal responsibility according to law under any of the following circumstances:
(1) Individuals illegally absorb or absorb public deposits in disguised form, amounting to more than 200,000 yuan, and units illegally absorb or absorb public deposits in disguised form, amounting to more than 6,543,800 yuan;
(2) Individuals illegally or in disguised form absorb more than 30 public deposit objects, and units illegally or in disguised form absorb more than 150 public deposit objects;
(3) Individuals illegally absorb and conceal public deposits, resulting in direct economic losses of depositors of more than 654.38 million yuan, and units illegally absorb and conceal public deposits, resulting in direct economic losses of depositors of more than 500,000 yuan;
(4) Causing adverse social impact or other serious consequences.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.