PYRAMID SCHEME
(noun)Definitions
There is 1 meaning of the phrase
Pyramid Scheme.
Pyramid Scheme - as a noun
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
Example Sentences
"They lured unsuspecting investors into a pyramid scheme promising high returns."
"The authorities shut down the pyramid scheme and arrested its organizers."
"She became a victim of a pyramid scheme and lost all her savings."
"The company disguised its illegal activities as a legitimate business, operating a pyramid scheme."
"Many people fall prey to pyramid schemes due to their promise of quick and easy wealth."
