1. Regulations
  2. title 31
  3. chapter II
  4. part 360
  5. subpart B
  6. § 360.7

View all text of Subpart B [§ 360.5 - § 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.

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

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

CITE AS: 31 CFR 360.7