![]() We perform a core function of government - ensuring that free markets work. ![]() ![]() (1) The Commission is an independent government agency that Congress established in 1914. Introductionįirst, let me tell you about the Federal Trade Commission. ![]() The Internet in particular offers pyramid builders a multi-lane highway to world-wide recruits in virtually no time. What is striking about these schemes is that while they are very old forms of fraud, modern technology has vastly multiplied their potential for harming our citizens. I would like to thank you for the opportunity to speak about the growing international problem of pyramid schemes.
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