RCW 19.275.010: Findings.

RCWs > Title 19 > Chapter 19.275 > Section 19.275.010

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

Beginning of Chapter << 19.275.010 >> 19.275.020

PDFRCW 19.275.010

Findings.

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 § 1.]