Pyramid-scheme definitions

A fraudulent moneymaking scheme in which early participants are paid out of money received from later recruits, with the final recruits putting money in and getting nothing back.
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A moneymaking scheme in which revenues are derived chiefly by recruiting increasingly larger groups of new salespeople or investors, each of whom pays for the right to recruit others in turn.
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An illegal scheme that creates investments that end up having no value. Instead, they are fraudulent. One of the more famous pyramid schemes was the one named after Charles Ponzi: In the late 1920s, it paid investors out of the earnings received from new investors. However, there were no earnings, only new investors; the scheme soon collapsed, but not before many people lost money.
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An illicit money-making investment scheme whereby early investors are paid primarily or wholly by later investors. Eventually all such schemes fail to the detriment of recent (later) investors.
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Attributive form of pyramid scheme.

Pyramid-scheme tactics.

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