Boulder Partner David Zetoony authored an op-ed piece Aug. 1 in The Hill in response to a recent piece in the publication criticizing an amendment to the Financial Services and Appropriations Bill involving pyramid promotional schemes. The amendment was critiqued for tying the hands of regulators, but the author did not explain how. The new legislation was created in order to establish a definition of pyramid promotional schemes as a situation in which someone pays in order to get paid, not for selling products or buying products, but for recruiting other people who themselves pay in order to get paid by recruiting more people. “Nothing in that definition ‘ties the hands of regulators.’ To the contrary, if a company is a pyramid scheme the amendment specifically recognizes that regulators can bring a lawsuit; if a company is not a pyramid scheme the amendment simply does not apply. It is that simple,” Zetoony wrote. To read the full article, click here.