The Court ruled that the anti-pyramid statute does not allow the recovery of losses similar to the anti-gambling statute. Pyramid programs are illegal under statute, and New York courts will not allow recovery under illegal enterprises. The anti-gambling statute allows recovery of gambling losses to act as a disincentive to illegal gambling operations. The court held that if the legislature wanted to allow recovery of pyramid losses, they were the ones to undertake the change, not the courts.
The case and summary are also available at: http://www.mlmlegal.com/legal-cases/Henry_v_Ford.php
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