US Laws, Codes, Statutes & Cases

407.420. Any person willfully violating any of the provisions of section 407.405 is guilty of a class D felony. It shall be the duty of each prosecuting attorney and circuit attorney in their respective jurisdictions to commence any criminal actions under this section, and the attorney general shall have concurrent original jurisdiction to commence such criminal actions throughout the state where such violations have occurred.

(L. 1974 H.B. 1132 § 5, A.L. 1975 H.B. 810 § 6, A.L. 1986 S.B. 685)

Effective 5-1-86

*No continuity with § 407.420 as repealed by L. 1963 S.B. 2 § 10-102, effective 7-1-65.

(1980) General intent of the legislature in the enactment of statutes prohibiting pyramid sales schemes is to buttress a strong public policy against pyramid sales schemes involving cover or disguise of some seemingly legitimate commercial transaction. State ex rel. Ashcroft v. Wahl (A.), 600 S.W.2d 175.