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Chain letter are illegal under two conditions
1) you ask for money in exchange for something
-in this case it becomes spam, and it needs to follow all the current state and federal spam laws of where it is sent from
2) you ask for money and tell them they will get money in return... "send $1 to these five people" put your name on the list and send to as many people as you want...
-in this case it becomes a pyramid scam, this is much more illegal and depending on the amount of money and people invovled you could actually get the feds after you in this case, which is much less likeyl with spam.
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