State auditor looks to crack down on possible pyramid schemes
Montana’s commissioner of insurance and securities is looking to crack down on possible pyramid schemes using a new incentive program. The state auditor is allowing unregistered multi-level marketing companies to pay a reduced fine if they put their businesses under state oversight.
State Auditor Troy Downing started the incentive program a month ago to bring companies into compliance and to “confirm that they are not running an illegal pyramid scheme.”
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