Shandong Finance Bureau: Government will not pay for illegal fundraising without trust

On March 4, the Shandong Provincial Local Financial Supervision Administration (hereinafter referred to as the "Shandong Financial Supervision Bureau") official website issued an announcement prompting investors to "reasonably choose investment channels during epidemic prevention and control and beware of illegal fund-raising traps." In the announcement, the Shandong Financial Supervision Bureau “risk” hinted that the purchase rebates of goods such as “medicine”, “masks”, “disinfectants”, etc., or speculation on “coronavirus cryptocurrency” can be procured. At the same time, Shandong Financial Supervision Bureau emphasized that illegal fund-raising is an illegal and criminal act. Participation in illegal fund-raising is at your own risk and is not protected by law. The government will not pay the bill.