1. Regulations
  2. title 31
  3. chapter II
  4. part 353
  5. subpart B
  6. § 353.8

View all text of Subpart B [§ 353.5 - § 353.8]

§ 353.8 - Chain letters prohibited.

The issuance of bonds in the furtherance of a chain letter or pyramid scheme is considered to be against the public interest and is prohibited.

AUTHORITY: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.

SOURCE: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.

CITE AS: 31 CFR 353.8