30-10-325. Operating pyramid promotional scheme unlawful. (1) A person may not conduct or promote or cause to be conducted or promoted a pyramid promotional scheme.
(2) A person who willfully violates the provisions of subsection (1) shall, for each participant giving consideration, be fined an amount not more than $100,000 or be imprisoned for not more than 10 years, or both.
(3) A person who violates the provisions of subsection (1) shall, for each participant giving consideration, be assessed a civil penalty in an administrative proceeding in an amount not to exceed $10,000.
History: En. Sec. 2, Ch. 74, L. 1999; amd. Sec. 2, Ch. 446, L. 2003.
Structure Montana Code Annotated
Chapter 10. Securities Regulation
Part 3. Offenses, Penalties, and Immunities
30-10-301. Fraudulent and other prohibited practices
30-10-303. Unlawful representation concerning registration or exemption
30-10-304. Investigations and subpoenas
30-10-305. Injunctions and other remedies -- limitations on actions
30-10-306. Criminal liabilities
30-10-307. Civil liabilities -- limitations on actions
30-10-308. Judicial review of orders
30-10-309. Securities restitution
30-10-310. Reporting requirements
30-10-311. through 30-10-314 reserved
30-10-315. Requirements for securities fraud actions -- definition
30-10-317. Defendant's right to written interrogatories
30-10-318. Limitation on damages
30-10-319. Applicability of safe harbor for forward-looking statements
30-10-320. Prohibition of referral fees
30-10-321. Prosecution of persons aiding violations
30-10-325. Operating pyramid promotional scheme unlawful
30-10-327. Multilevel marketing company -- notice of activity -- consent to service
30-10-328. through 30-10-339 reserved
30-10-340. Governmental disclosure -- immunity