According to the provisions of the Notice on Banning Illegal Financial Institutions and Illegal Financial Business Activities, illegal fund-raising refers to the behavior 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 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. In order to punish illegal fund-raising crimes such as illegally absorbing public deposits and fund-raising fraud, the Supreme People's Court, together with the CBRC and other relevant units, studied and formulated the Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Criminal Cases of Illegal Fund-raising, which came into effect on 20114. According to the provisions of the criminal law, illegally absorbing public deposits or absorbing public deposits in disguised form, disrupting the financial order, will constitute the crime of illegally absorbing public deposits and be sentenced to fixed-term imprisonment of 10 years or less; For the purpose of illegal possession, illegal fund-raising by fraudulent means will constitute the crime of fund-raising fraud, and the maximum penalty is 10 years imprisonment, life imprisonment or death penalty; Whoever conceals important facts or fabricates major false contents in the prospectus, subscription book and corporate bond offering method, and issues stocks and corporate bonds in a huge amount, with serious consequences or other serious circumstances, constitutes the crime of defrauding stocks and bonds and is sentenced to fixed-term imprisonment of not more than five years or criminal detention; Issuing stocks and corporate bonds without the approval of the relevant state organs, if the amount is huge, the consequences are serious or there are other serious circumstances, will constitute the crime of issuing stocks and corporate bonds without authorization and be sentenced to fixed-term imprisonment of not more than five years or criminal detention.
Mainly based on his corresponding responsibility in the case. Some people must be sentenced or even beheaded. For example, two kinds of recent sentences, one is the principal of Donghua Group's fund-raising case, and the other is the principal of Wan Wuchun's fund-raising case, both of which were sentenced to death.
Some of them are accomplices or if the circumstances are minor, they can be exempted from criminal punishment. Economic punishment also has a legal basis. For those who are not punished criminally, there is also admonition and education. Related crimes were absorbed.