South Carolina Code 39-5-730. Pyramid promotional schemes prohibited
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 39-5-730
- Pyramid promotional scheme: means a plan or operation in which an individual pays consideration for the right to receive compensation based primarily upon recruiting other individuals into the plan or operation instead of selling products or services to ultimate users for their use or consumption. See South Carolina Code 39-5-720
A pyramid promotional scheme is an unfair trade practice pursuant to § 39-5-20(a), and accordingly, is prohibited in this State.