questionText: To ask the Secretary of State for Business and Trade, which regulations govern multi-level marketing schemes; and if he will make an assessment of the effectiveness of the regulatory framework of such schemes.
answerText: Although multi-level schemes are not illegal, it is a criminal offence to persuade someone to make a payment to a scheme by promising benefits from getting other people to join the same scheme (Fair Trading Act 1973 section 120(3)). Also, the Consumer Pro...
heading: Pyramid Selling: Regulation