Police dismantle illegal fundraising platforms

Public security authorities have destroyed over 200 cross-regional criminal networks and more than 400 peer-to-peer lending platforms suspected of illegal fundraising between the beginning of 2018 and the first quarter of 2019, according to the Ministry of Public Security.

They have also filed 19,000 illegal fundraising cases involving 410 billion yuan ($59 billion), the ministry said in a news release.

Gao Feng, director of the ministry's Economic Crime Investigation Bureau, said that illegal fundraising and related economic crimes remain a serious issue.