According to the Criminal Law of People's Republic of China (PRC), the provisions are as follows:
Article 176 Whoever illegally absorbs public deposits or absorbs public deposits in disguised form, thus disrupting the financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also, or shall only, be fined not less than 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined not less than 5, yuan but not more than 5, yuan.
if a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
The extended materials
can be considered as "illegal fund-raising" under any of the following circumstances:
(1) After fund-raising is not used for production and business activities, or the funds used for production and business activities are obviously out of proportion to the scale of fund-raising, so that the fund-raising funds cannot be returned.
(2) the fund-raising funds are wantonly squandered, so that the fund-raising funds cannot be returned;
(3) escaping with fund-raising funds;
(4) using the funds raised for illegal and criminal activities;
(5) Evading, transferring funds, concealing property, and evading the return of fund-raising;
(6) concealing or destroying accounts, or engaging in false bankruptcy or bankruptcy, or engaging in false bankruptcy or bankruptcy, to avoid returning funds;
(7) refusing to account for the whereabouts of funds and evading the return of funds;
(8) Other circumstances that can be identified as illegal possession.
the Supreme People's Procuratorate-Criminal Law of People's Republic of China (PRC)