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Is it legal for Zhongfu Gold to raise funds? How's it going now?
Illegal, seized. According to the information inquired, Zhongfu Gold's fund-raising behavior is an illegal fund-raising behavior without the approval and permission of the relevant departments. It uses high returns as bait and illegal fund-raising as a means to defraud public property. Under the guise of Zhongfu gold brand, it attracts investors to buy so-called "gold investment products" by means of false propaganda and exaggerated income, and promises to give investors high returns. By September 24, 2023, it was seized by the relevant departments.