What kind of crowdfunding has become illegal fund-raising?

Hello, whether it is illegal fund-raising mainly depends on whether it has the characteristics of illegal fund-raising. Usually, illegal fund-raising has the following characteristics:

1, without the approval of relevant departments according to law, including fund-raising without the approval of departments with approval authority; The department with the power of examination and approval ultra vires to approve fund-raising, that is, the fund-raiser does not have the qualification of fund-raising subject.

2. Promise to repay the principal and interest to investors within a certain period of time. In addition to monetary forms, there are also physical forms and other forms of debt service.

3. Raise funds from unspecified social objects. The "unspecified object" here refers to the public, not a specific minority.

4. Cover up the essence of illegal fund-raising in a legal form. In order to cover up their illegal purposes, criminals often sign contracts with investors (victims) and pretend to be normal production and business activities in order to maximize their ultimate goal of defrauding funds.

If you encounter illegal fund-raising, don't panic first, and the parties can report the case immediately. When the rights and interests of the parties are infringed, they can safeguard their legitimate rights and interests through legal channels.