18.2-240 - Same; injunction. - Virginia Statutes

§ 18.2-240. Same; injunction.

Any attorney for the Commonwealth may petition a court of competentjurisdiction to enjoin the further prosecution of any pyramid promotionalscheme as defined in § 18.2-239, and to appoint receivers to secure anddistribute in an equitable manner any assets received by any participant as aresult of such scheme, any such distribution to effect reimbursement, to theextent possible, for uncompensated payments made to become a participant inthe scheme. The procedure in any such suit shall be similar to the procedurein other suits for equitable relief, except that no bond shall be requiredupon the granting of either a temporary or permanent injunction therein. Anyperson who organizes an endless chain scheme and, either directly or throughan agent, promotes such scheme within the Commonwealth shall be deemedsubject to the personal jurisdiction of such court of competent jurisdictionunder §§ 8.01-328 through 8.01-330, and shall be liable for reasonable costsand attorneys' fees in such suit.

(Code 1950, § 59.1-67.3; 1970, c. 450; 1975, cc. 14, 15.)