Findings.
RCW 19.275.010
in effectThe legislature finds that pyramid schemes, chain letters, and related illegal schemes are enterprises: (1) That finance returns to participants through sums taken from newly attracted participants; (2) In which new participants are promised large returns for their investment or contribution; and (3) That involve unfair and deceptive sales tactics, including: Misrepresentations of sustainability, profitability and legality of the scheme, and false statements that the scheme is legal or approved by governmental agencies.
The legislature finds that pyramid schemes, chain letters, and related illegal schemes are enterprises:
(1) That finance returns to participants through sums taken from newly attracted participants;
(2) In which new participants are promised large returns for their investment or contribution; and
(3) That involve unfair and deceptive sales tactics, including: Misrepresentations of sustainability, profitability and legality of the scheme, and false statements that the scheme is legal or approved by governmental agencies.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=19.275&full=trueFetched: 6/29/2026