Pyramid schemes definition
Pyramid schemes means any plan or operation in which a person gives consideration for the right or opportunity to receive compensation that is derived primarily from the recruitment of other persons as participants in the plan or operation, rather than from the bona fide sale of goods, services, or intangible property to a person or by persons to others.
Pyramid schemes means plans or promotions organized whereby fees, dues or anything of material value is paid or given by members of the plan to any other member of the plan, which provides for the increase in such membership through a chain process of members securing other new members and thereby advancing themselves in the group to a position where such members in turn receive fees, dues or things of material value from other members (see W. Va. Code § 47-15-1, et seq.)
Pyramid schemes means any plan or operation in which a person
Examples of Pyramid schemes in a sentence
Multi-level Marketing: Pyramid schemes, network marketing, and referral marketing programs.
Pyramid schemes are illegal operations in which an e-mail recipient is encouraged to send money to a list of several people, replace one name on the list with his/her own, and forward the e-mail in bulk to others.
Without limiting the foregoing, the following are strictly prohibited: o Sending of Spam/Unsolicited email, including: ▪ Pyramid schemes.
More Definitions of Pyramid schemes
Pyramid schemes means any plan or operation in which a person gives consideration for the right or opportunity to receive compensation that is derived www.mlmlegal.com primarily from