30-10-325. Operating pyramid promotional scheme unlawful.
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/mt/title-30/chapter-10/part-3/30-10-325·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-10-325 . Operating pyramid promotional scheme unlawful.
(1)A person may not conduct or promote or cause to be conducted or promoted a pyramid promotional scheme.
(2)A person who willfully violates the provisions of subsection
(1)shall, for each participant giving consideration, be fined an amount not more than $100,000 or be imprisoned for not more than 10 years, or both.
(3)A person who violates the provisions of subsection
(1)shall, for each participant giving consideration, be assessed a civil penalty in an administrative proceeding in an amount not to exceed $10,000.