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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter II - Fiscal Service, Department of the Treasury |
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SubChapter A - Bureau of the Fiscal Service |
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Part 359 - Offering of United States Savings Bonds, Series I |
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Subpart D - Miscellaneous Provisions |
§ 359.67 - Does Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?
Latest version.
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§ 359.67 Does Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?
We do not permit bonds to be issued in a chain letter or pyramid scheme. We authorize an issuing agent to refuse to issue a bond or accept a purchase order if there is reason to believe that a purchase is connected with a chain letter. The agent's decision is final.