---
kind: "section"
citation: "31 C.F.R. § 360.7"
title: "31"
number: "360.7"
heading: "Chain letters prohibited."
url: "https://uscodex.org/cfr/31/360.7"
---

# §360.7. Chain letters prohibited.


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


## Notes

### Authority

Authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125.

### Source

Source: 63 FR 38049, July 14, 1998, unless otherwise noted.