Is it legal to raise funds for senior housing?

1. Under the guise of providing elderly care services, they illegally absorb public funds by collecting membership fees, "security deposits", and promising to repay principal and interest on loans or pay returns. 2. In the name of investing in senior care apartments or other related senior care projects, promising high returns or providing senior care services as bait to lure elderly people to "join the investment".

1. There are three main types of illegal fund-raising in the field of elderly care services:

1. Absorbing funds in the name of providing "elderly care services".

This type of illegal fund-raising does not have the true content of providing elderly care services or does not have the main purpose of providing elderly care services. It collects membership fees and "deposits" in the name of elderly care services, and promises to repay principal and interest or Illegal absorption of public funds through payment of returns and other methods.

2. Absorb funds in the name of related "selling products".

This kind of illegal fund-raising behavior means that elderly care service institutions do not have the true content of the goods sold or do not sell goods as the main purpose, and absorb public funds through the repurchase of goods, storage and sales, consumption rebates, etc.

3. Absorb funds in the name of investing in "nursing apartments", "nursing homes", etc.

This kind of illegal fund-raising behavior refers to the guise of investing in retirement apartments, retirement real estate, etc., without the true content of real estate sales or without real estate sales as the main purpose, with return of capital sales, after-sales leasing, and agreed return. Illegally absorbing public funds through purchases and other methods. Others promise to pay high returns and illegally absorb public funds in the name of investing in senior care bases and senior care construction projects.

2. Characteristics of suspected illegal fund-raising by elderly care institutions

1. Under the guise of providing elderly care services, they collect membership fees, "security deposits" and promise to repay principal and interest on loans or Illegal absorption of public funds through payment of returns and other methods.

2. In the name of investing in senior care apartments or other related senior care projects, promising high returns or providing senior care services as bait to lure elderly people to "join the investment."

3. Under the guise of selling health care, medical and other elderly care-related products, attract the elderly to invest money by means of product repurchase, storage and sales, consumption profits, etc.

Criminals often deceive the trust of the elderly and attract investment from the elderly by holding so-called health lectures, free physical examinations, free travel, distribution of small gifts, and family care.

3. Views from people from all walks of life

Illegal fund-raising organizations for the elderly are mainly offline. "Generally speaking, illegal fund-raising organizations will choose to locate in Gaodashang's business center areas, and achieve the purpose of increasing credit by taking elderly investors for on-the-spot inspections. At the same time, through the one-on-one service of offline salesmen, elderly investors can It’s a ‘professional’ experience,” said Xinlian Online CEO.

The chairman of Touna.com said that most elderly people do not know much about finance and investment knowledge, and lack the ability to identify formal investment channels and reasonable investment methods. The elderly have less ability to access new things than young people, and it is difficult to identify the various new forms of illegal fund-raising. They are not very aware of preventing illegal fund-raising, and are easily targeted by criminals.

The relevant person in charge of the Ministry of Civil Affairs admitted that some current pension investments or charging activities involve multiple departments and industries, making coordination and supervision difficult. In particular, some elderly care service institutions do not provide elderly care services with centralized life care as the main content. They are not within the scope of administrative licensing by the civil affairs department, and are not registered with the civil affairs department. Their suspected illegal fund-raising and other activities are difficult to detect and supervise.

Some illegal activities will collect money from the elderly under the guise of providing elderly care services. They may use high interest rates or health care products as bait. These are all illegal fund-raising. Need to be punished by law. The above also mentioned some situations regarding the identification of illegal fund-raising in elderly care institutions. We must promptly remind the elderly to stay vigilant and call the police promptly if relevant matters occur.

I hope the above content will be helpful to you. If you have any other questions, please consult a professional lawyer.

Legal basis: Article 65 of the "Criminal Procedure Law of the People's Republic of China" The people's courts, people's procuratorates and public security organs may, against criminal suspects or defendants who have any of the following circumstances, Release on bail pending trial:

(1) Those who may be sentenced to public surveillance, criminal detention, or independent additional penalties;

(2) Those who may be sentenced to a penalty of fixed-term imprisonment or more, and being released on bail pending trial will not cause social danger ;

(3) Women who are seriously ill, unable to take care of themselves, pregnant or breastfeeding their own babies will not pose a social risk by being released on bail pending trial;

(4) Detention When the time limit expires and the case has not been settled, it is necessary to be released on bail pending trial.