Washington · statute · Wash. Rev. Code ch. 19.275 · 5 active provisions
The legislature finds that pyramid schemes, chain letters, and related illegal schemes are enterprises:(1) That finance returns to participants through sums taken from newly attracted participants;(2) In which new participants are promised large returns for their investment or contribution; and(3) That involve unfair a…
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Compensation" means payment, regardless of how it is characterized, of money, financial benefit, or thing of value. "Compensation" does not include payment based on the sale of goods or services to anyone wh…
(1) No person may establish, promote, operate, or participate in any pyramid scheme.(2) A limitation as to the number of persons who may participate, or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under the scheme, does not change the identity of the scheme as…
The legislature finds that the practices covered by this chapter are matters vitally affecting the public interest for the purpose of applying the consumer protection act, chapter 19.86 RCW. A violation of this chapter is not reasonable in relation to the development and preservation of business and is an unfair or dec…
This act may be cited as the "antipyramid promotional scheme act."