Is Zhumadian Marriott Business Co., Ltd. illegally raising funds?

To determine whether it is illegal fund-raising, it depends on whether fraudulent methods are used to illegally raise funds. If one of the following circumstances occurs, it can be determined as "for the purpose of illegal possession":

(1) ) After raising funds, they are not used for production and business activities or the use for production and business activities is obviously disproportionate to the scale of the funds raised, resulting in the funds raised cannot be returned;

(2) The funds raised are squandered wantonly, resulting in the funds raised cannot be returned ;

(3) Escape with the funds raised;

(4) Use the funds raised for illegal and criminal activities;

(5) Escape and transfer funds, concealing property, and evading the return of funds;

(6) Concealing or destroying accounts, or engaging in fake bankruptcy or bankruptcy, and evading the return of funds;

(7) Refusing to Accounting for the whereabouts of funds and evading the return of funds;

(8) Other circumstances that can identify the purpose of illegal possession.