§ 8-404. Pyramid promotional schemes
West's Annotated Code of MarylandCriminal Law
MD Code, Criminal Law, § 8-404
Formerly cited as MD CODE Art. 27, § 233D
§ 8-404. Pyramid promotional schemes
(5) “Pyramid promotional scheme” means a plan or operation by which a participant gives consideration for the opportunity to receive compensation to be derived primarily from any person's introduction of others into participation in the plan or operation rather than from the sale of goods, services, or other intangible property by the participant or others introduced into the plan or operation.
(b) A person may not establish, operate, advertise, or promote a pyramid promotional scheme.
(c) It is not a defense to a prosecution under this section that:
Credits
Added by Acts 2002, c. 26, § 2, eff. Oct. 1, 2002.
Formerly Art. 27, § 233D.
MD Code, Criminal Law, § 8-404, MD CRIM LAW § 8-404
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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