Pyramid Schemes Prohibition Ordinance
A1379
Section 6
Ord. No. 22 of 2011
- (b) knows or ought reasonably to know that any benefit that the person may get from participating in the scheme would be entirely or substantially derived from the introduction to the scheme of new participants; and
- (c) induces or attempts to induce another person to participate in the scheme,
commits an offence.
(3) A person who commits an offence under subsection (1) or (2) is liable on conviction on indictment to a fine of $1,000,000 and to imprisonment for 7 years.
6. Liability of directors, partners, etc.
(1) If an offence under this Ordinance is committed by a body corporate or by a person as a member of an unincorporated body, and it is proved that the offence has been committed with the consent or connivance or is attributable to the neglect of a person specified in subsection (2), that person also commits the offence and is liable to be proceeded against and punished accordingly.
(2) The person referred to in subsection (1) is a person who, at the time of the offence, was—
- (a) (in the case of a body corporate) a director, secretary, principal officer or manager of the body corporate;
- (b) (in the case of a member of an unincorporated body) a partner or office holder in or a member or manager of the unincorporated body; or
- (c) (in either case mentioned in paragraph (a) or (b)) purporting to act in the capacity of a person referred to in that paragraph.
