This bill amends existing Florida law regarding pyramid promotional schemes by deleting the previous provisions related to pyramid sales schemes and creating a new section, 849.0913, which explicitly prohibits the establishment, promotion, operation, or participation in pyramid promotional schemes. The bill defines key terms such as "compensation," "consideration," and "pyramid promotional scheme," and outlines the conditions under which such schemes are deemed illegal. It also establishes the Department of Legal Affairs' authority to issue cease and desist orders against violators, detailing the procedures for these orders, including the requirement for judicial review and the potential for civil and criminal penalties.

Additionally, the bill mandates that the Department of Legal Affairs, in conjunction with the Office of Statewide Prosecution, prosecute individuals involved in pyramid promotional schemes. It specifies penalties for violations, including fines and restitution to victims, and allows for the issuance of injunctions to prevent further violations. The bill emphasizes that these provisions are supplementary to any other legal actions available under existing law, and it is set to take effect on July 1, 2025.

Statutes affected:
S 660 Filed: 849.091