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HB 249: Prohibition of Pyramid Promotional Schemes

GENERAL BILL by Chamberlin

Prohibition of Pyramid Promotional Schemes; Prohibits person from establishing, promoting, operating, or participating in pyramid promotional scheme; requires DLA to issue & serve complaint & cease & desist order; establishes procedures for cease & desist orders; provides for restitution; authorizes DLA to apply for injunction; provides requirements for injunction; authorizes court to appoint receiver; provides for powers & duties of such receivership; authorizes court to issue order to stay certain actions & requires such actions be assigned to judge who appointed receiver; provides that specified provisions & penalties are in addition to civil, administrative, or criminal actions provided by law.

Effective Date: 7/1/2025
Last Action: 1/24/2025 House - Filed
Bill Text: PDF

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