Code of Federal Regulations · Section
§ 359.67 — Does Fiscal Service Prohibit The Issuance Of Series I Savings Bonds In A Chain Letter Scheme?
31 C.F.R. § 359.67
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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.
Authorizing Statute
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Departmental regulations5 U.S.C. § 301
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Savings bonds and savings certificates31 U.S.C. § 3105