Consumer Groups Oppose Amendment on Fraudulent Pyramid Schemes

Publish Date: 
September 18, 2017
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NACA, consumer organizations expressed strong opposition to an amendment offered by Congressman Moolenaar that was included in the FY18 Financial Services and General Government Appropriations bill.  This amendment, based on the “Anti-Pyramid Scheme Promotion Act of 2016,”ii would rob the Federal Trade Commission (“FTC”) of its ability to protect consumers from all but the most egregiously fraudulent pyramid schemes.