IC 24-13-4-1: Maximum damages under private cause of action; discretionary treble damages; attorney's fees
Where this section sits in the code
- TITLE 24. TRADE REGULATION
- ARTICLE 13. PYRAMID PROMOTIONAL SCHEMES
- Chapter 4. Private Actions and Proceedings
Sec. 1. (a) A person may bring an action against a person who establishes, operates, promotes, or assists another to promote a pyramid promotional scheme for:
(1) the damages actually suffered as a result of the pyramid promotional scheme; or
(2) one thousand dollars ($1,000);
whichever is greater.
(b) The court may increase damages awarded under this section in an amount that does not exceed:
(1) three (3) times the actual damages of the person suffering the loss; or
(2) three thousand dollars ($3,000).
(c) The court may award reasonable attorney's fees to a party that prevails in an action under this section.
(d) Actual damages awarded to a person have priority over any civil penalty imposed under this article.
Collected 2026-09-04T18:50:41Z. Source file · JSON