Tougher law on pyramid selling urged

PUBLISHED : Wednesday, 20 October, 2010, 12:00am
UPDATED : Wednesday, 20 October, 2010, 12:00am

The law against pyramid selling should be toughened up, the Commerce and Economic Development Bureau proposed to lawmakers yesterday. Under the present law, a pyramid scheme must involve the selling of goods or services by a participant. The bureau said it should include any scheme in which new participants must make a payment and attract new members. It also wants the maximum penalty increased to seven years in jail and a fine of HK$1 million.