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pyramid scheme
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pyramid scheme

Pyramid schemes are illegal in the United States.
  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
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pyramid schemes pyramid scheme
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  • Pyramid schemes are illegal in the United States.
  • It started to become clear to Wes: the drug game was raw capitalism on overdrive with bullets, a pyramid scheme whose base was dead bodies and ruined lives.
    Wes Moore  --  The Other Wes Moore
  • I think he was running a pyramid scheme or something.
    Haruki Murakami  --  After Dark
  • At the time, a few chains were operated much like pyramid schemes.
    Eric Schlosser  --  Fast Food Nation
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Associated words [difficulty]:   pyramid scheme [8] , con artist [7] , pawn shop [4] , con artist [7] , deposit slip [7] , installment plan [7] , fringe benefit [8] , bounced check [9] , claims adjuster [9] , community property [9] , estate planning [9]
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Most commonly used in these subjects:   Personal Finance, Business, Public Policy & Politics
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