Michigan § 445.2583 Promotion or participation in pyramid promotional scheme; prohibition; penalties.

Michigan Statutes

§ 445.2583 — Promotion or participation in pyramid promotional scheme; prohibition; penalties.

Michigan § 445.2583

Ch. 445TRADE AND COMMERCE

Act 186 of 2018PYRAMID PROMOTIONAL SCHEME ACT (445.2581-445.2586)

This text of Michigan § 445.2583 (Promotion or participation in pyramid promotional scheme; prohibition; penalties.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.2583 (2026).

Text

PYRAMID PROMOTIONAL SCHEME ACT (EXCERPT) Act 186 of 2018 445.2583 Promotion or participation in pyramid promotional scheme; prohibition; penalties. Sec. 3.

(1)A person shall not promote or participate in a pyramid promotional scheme. A limitation as to the number of individuals who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under a plan or operation does not change the identity of the plan or operation as a pyramid promotional scheme.

(2)A person that promotes a pyramid promotional scheme is guilty of a felony punishable by 1 or more of the following:

(a)Imprisonment for not more than 7 years.

(b)A fine of not more than $10,000.00 per violation.

(3)A person that knowingly participates in a pyramid promotio

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PYRAMID PROMOTIONAL SCHEME ACT (EXCERPT) Act 186 of 2018 445.2583 Promotion or participation in pyramid promotional scheme; prohibition; penalties. Sec. 3. (1) A person shall not promote or participate in a pyramid promotional scheme. A limitation as to the number of individuals who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under a plan or operation does not change the identity of the plan or operation as a pyramid promotional scheme. (2) A person that promotes a pyramid promotional scheme is guilty of a felony punishable by 1 or more of the following: (a) Imprisonment for not more than 7 years. (b) A fine of not more than $10,000.00 per violation. (3) A person that knowingly participates in a pyramid promotional scheme is guilty of a misdemeanor punishable by imprisonment for not more than 90 days or a fine of not more than $1,000.00, or both.