Latino entrepreneurs need federal protection from pyramid schemes

Hispanic entrepreneurs are a powerful engine of growth in the American economy. Their continued success is important not only to the vibrant, growing Hispanic American community, but to the prosperity of the entire nation.

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In the last Congress, Representatives Marsha Blackburn (R-Tenn.) and Marc Veasey (D-Texas) introduced the Anti-Pyramid Promotional Scheme Act, which provided a sanctioned definition of pyramid schemes based on existing case law and the model legislation enacted in 18 states.