Missouri v. Wahl , 600 S.W.2d 175 (1980)

Did the respondents commit fraud and violate state anti-pyramid statutes in the promotion of a pyramid investment program?


The Missouri Court of Appeals held that while no fraud was involved, Wahl had violated state anti-pyramid statutes. No fraud was present because the materials used to promote the scheme clearly indicated its pyramid nature without deceptive tactics. However, because the program sold "other property," namely rights to participate in the program for the possibility of making a return, the program fell under the state anti-pyramid statute and was illegal.

Full case and case summary are also available at: http://www.mlmlegal.com/legal-cases/Missouri_v_Wahl.php

LOADING PDF: If there are any problems, click here to download the file.

Reference Info:State, 8th Circuit, Missouri | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Babener & Associates | Attorney Advertising

Written by:


Babener & Associates on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.