Characteristics of illegal insurance fund-raising

Legal analysis: illegal insurance fund-raising has the following characteristics: 1, taking advantage of his position to conduct business under the guise of identity. It absorbs funds under the guise of selling insurance. What attracts customers is high interest rate. This is a forged document seal. 5, the incubation period is long and harmful. Illegal fund-raising refers to illegal fund-raising by fraudulent means, which constitutes a relatively large crime. Illegal fund-raising is not an independent crime. In practice, those who engage in illegal fund-raising activities are generally punished with the crime of illegally absorbing public deposits and the crime of fund-raising fraud according to specific circumstances.

Legal basis: Article 192 of the Criminal Law of People's Republic of China (PRC) illegally raises funds by fraud for the purpose of illegal possession. If the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than seven years or life imprisonment, and shall also be fined or confiscated. 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.