A Legislator's Guide To Pyramid Schemes

A Legislator's Guide To Pyramid Schemes by William Keep, Seeking Alpha

Summary

Investors follow what legislators and regulators do.

Multiple briefings on the Hill will raise legislator awareness regarding pyramid schemes and the MLM industry.

Less than 600 words can describe the nature of the problem and need for increased industry oversight.

A federal pyramid rule and/or increased regulatory oversight will bring industry change, affecting private and public MLM companies.

The Federal Trade Commission (FTC) estimates that hundreds of thousands of Americans, and possibly a million+, are pyramid scheme victims each year¹. Victim losses rise to hundreds of millions of dollars annually. A pyramid rule could clarify legal business practices and reduce the cost and length of enforcement.

What is a pyramid scheme? ^{2,3,4,5,6,7,8}

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