|

pyramid scheme

DEFINITIONS OF: pyramid scheme

1

n 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

Type of:
scheme, strategy
an elaborate and systematic plan of action
WORD FAMILY
USAGE EXAMPLES