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pyramid scheme
[ pir-uh-mid skeem ]
noun
- any moneymaking scheme, usually illicit, in which each participating investor recruits others and then collects from what those invest, so that an ever-increasing number of participants generate more and more profit for those who recruited them:
She invited me to talk about a new "business opportunity," and ended up trying aggressively to hook me into a pyramid scheme.
˜yÐÄvlog History and Origins
Origin of pyramid scheme1
Example Sentences
The problem is that defined pensions are a bit of a pyramid scheme: New workers need to constantly enter and contribute to support current retirees.
Mr Singh said they began to realise the agents operated like a pyramid scheme.
A classic example would be people in a pyramid scheme targeting fellow members of their church.
It was a pyramid scheme in disguise, and more.
Some border towns in Southeast Asia have emerged as the centre of cyber scam operations including fake romance ploys, illegal casinos and investment pyramid schemes.
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