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Pyramid scheme
(redirected from Pyramid selling scheme)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Pyramid scheme
An illegal, fraudulent scheme in which a con artist convinces victims to invest by promising an extraordinary return but instead simply uses newly invested funds to pay off any investors who insist on terminating their investment.


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With a fixed, continuous loss rate inherent in the pyramid selling scheme model, all claims about "income opportunity" in such schemes are deceptive and misleading.
this time a rich guy conned everyone in a pyramid selling scheme.
The financial system is like a global pyramid selling scheme, built on greed and gullibility, and it is falling down.
 
 
 
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