Washington § 19.275.010 Findings.

Washington Statutes

§ 19.275.010 — Findings.

Washington § 19.275.010

Title 19BUSINESS REGULATIONS—MISCELLANEOUS

Ch. 19.275ANTIPYRAMID PROMOTIONAL SCHEME ACT

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Bluebook

Wash. Rev. Code § 19.275.010 (2026).

Text

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 and deceptive sales tactics, including: Misrepresentations of sustainability, profitability and legality of the scheme, and false statements that the scheme is legal or approved by governmental agencies.

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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 and deceptive sales tactics, including: Misrepresentations of sustainability, profitability and legality of the scheme, and false statements that the scheme is legal or approved by governmental agencies.