1. Regulations
  2. title 31
  3. chapter II
  4. part 359
  5. subpart D
  6. § 359.67

View all text of Subpart D [§ 359.65 - § 359.72]

§ 359.67 - Does Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?

We do not permit bonds to be issued in a chain letter or pyramid scheme. We authorize an issuing agent to refuse to issue a bond or accept a purchase order if there is reason to believe that a purchase is connected with a chain letter. The agent's decision is final.

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

SOURCE: 67 FR 64278, Oct. 17, 2002, unless otherwise noted.

CITE AS: 31 CFR 359.67