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

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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.

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