|Assembly Consumer Affairs|
Democratic Research Aide: Gary R. Williams
Group - A
Green, Benson, Moriarty, Mukherji & Pintor Marin Bill to Establish Penalties for Pyramid Scheme Participation Clears AssemblyLegislation sponsored by Assembly Democrats Jerry Green, Daniel R. Benson, Paul Moriarty, Raj Mukherji and Eliana Pintor Marin to establish criminal penalties for promoting or participating in a pyramid scheme gained approval from the General Assembly on Thursday.
"Pyramid schemes make victims out of vulnerable people who often are just looking for a way to make ends meet," said Green (D-Middlesex/Somerset/Union). "Individuals who understand that an enterprise is a pyramid scheme and still choose to participate ought to face serious consequences."