The relevant bill is sent to the Verkhovna Rada
Cabinet offers the Verkhovna Rada to ban the activities of financial pyramids, as stated in the bill No. 2700 of 03.04.2013.
According to the draft law, a pyramid scheme is any transaction with financial assets carried out with purpose of gaining or possibility of gaining a profit for oneself or other persons through redistribution of assets of other persons.
For organizing (or facilitating) the work of a financial pyramid it is provided to establish criminal liability in form of fines and deprivation of liberty for up to 12 years.
