RCW 19.275.010
80 words·~1 min read·
/wa/title-19/chapter-19-275/19-275-010·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
[ 2006 c 65 s 1 .]