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
How To Use pyramid scheme In A Sentence
- The principle behind a chain letter is basically the same as a pyramid scheme, except that with chain letters, you don't have to deceive yourself as much as with pyramid schemes.
- She dissolved into tears when she heard that she had lost all her savings in the pyramid scheme
- So, take a leaf out of Warren's book and use the stock market - not financial pyramid schemes - to make you wealthier.
- Such morbid symptoms include false messiahs, doomsday predictions, UFO sightings, pyramid schemes, and so on.
- The legal definition of a pyramid scheme is one where no real products have been sold. Times, Sunday Times
- You'll find spam ads for illegal "Make Money Fast" pyramid schemes, quack healthcare remedies and other come-ons.
- And when pyramid schemes began to appear in the last few years, nearly everyone caught the bug.
- The regime also convinced citizens to invest in pyramid schemes run by friends of the ruling family.
- Hayley Joel Osment designs the ultimate good Samaritan pyramid scheme, doing good deeds for people and asking them to in turn perform three good deeds.
- "We've been accused of operating a franchise or running a pyramid scheme.
