On the morning of June 23, the Taizhou Intermediate People’s Court (hereinafter referred to as the Municipal Intermediate People’s Court) held a press conference on “Preventing Illegal Fund-raising and Watching for a Happy Life” to inform the city’s two-level courts of the case of illegal fund-raising cases in recent years, and provide assistance to citizens How to prevent illegal fundraising.
Ji Alin, deputy party secretary and vice president of the Municipal Intermediate People’s Court, informed the city’s two-level courts of illegally absorbing deposits from the public in the past three years. A total of 129 cases were heard and 234 people were tried, and 9 cases of fund-raising fraud were heard by 10 people.
According to reports, illegal fund-raising illegal and criminal activities such as illegal absorption of public deposits and fund-raising fraud have a wide range of impacts and involve a large number of people, seriously infringing on the legitimate rights and interests of the people, endangering national economic security, financial management order, and social harmony and stability. They are specifically manifested as the subject of the case. The amount is generally high, and most of the losses involved in the case are difficult to recover. The elderly in the fund-raising participants account for a large proportion, and there are many potential related cases, involving a wide range of tactics, and strong deception.
Ji Alin suggested that the general public should increase their awareness of fraud prevention, enhance their prevention capabilities, and overcome the psychology of corruption. We must believe that “there is no free lunch in the world“. We must keep our eyes open and vigilant against the so-called “high return, guaranteed principal, low threshold”, “money makes money, profit rolling” and other temptations, rationally choose investment and wealth management channels, and keep what you have. Hard-earned money, pension money. When encountering illegal fund-raising routines, keep a clear mind and rational judgment, and promptly report to relevant administrative departments or public security and judicial organs.
Wu Xiaorong, deputy chief of the Second Criminal Division of Taizhou Intermediate People’s Court, explained in detail 10 situations to prevent illegal fund-raising, and introduced the “Four Looks, Three Thoughts, and One Night” method to prevent illegal fund-raising.
The so-called “Four Looks, Thinks, Waits, and One Night” method, to look at the legality of financing, in addition to whether to obtain a business license, but also to see whether it has obtained a relevant financial license or approved by the financial management department. Second, look at the content of the publicity, to see whether the publicity contains or implies “guaranteed, risk-free, high-yield, stable earnings without loss” and other content. Thirdly, look at the business model, whether there are physical projects, the authenticity of the projects, the direction of capital investment, the way to obtain profits, etc. Fourth, look at whether the main participants in fund-raising are mainly targeted at specific groups such as the elderly. Think first about whether you really understand the product and market conditions; second think about whether the product conforms to market laws; think twice about whether your own economic strength has the ability to resist risks. When encountering related investment and fundraising propaganda, you must avoid getting hotheaded, solicit the opinions of family and friends, and delay the decision overnight.
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