§353.8. Chain letters prohibited.
31 C.F.R. § 353.8
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.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105, 3125.
Source
Source: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.