Definitions of pyramid scheme

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Definition of 'pyramid scheme'

Princeton's WordNet

1. (noun) pyramid scheme
a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the hierarchical payment structure the scheme collapses with most of the participants losing the money they put in

'pyramid scheme' - Nearby Entries
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