State Codes and Statutes
Statutes > Washington > Title-19 > 19-275 > 19-275-010Findings.
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.]
