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British Plans to Tackle "Pyramid Cons"

UK – As reported by the BBC: `` The government plans to make so-called 'chain gifting' schemes, which act like chain letters, illegal.

``The schemes work by asking participants to give cash to another person whose name is at the top of a list.

``That person is then removed from the list and the new person is added to the bottom in the hope they will move up the order and receive more cash.

``Most people who take part in the schemes lose out because of the need for an infinite number of new members to join.

``The draft Gambling Bill will include six month jail sentences or fines of £5,000 for people found guilty of profiting from such schemes.

``Further clauses in the bill will relax advertising rules for casinos and new laws on gambling in pubs and clubs…"

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