Pyramid scheme

 

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Pyramid scheme

An investment scheme which relies on recruiting an ever-growing number of new entrants to pay off its earlier members.By definition, pyramid schemes must eventually collapse because there comes a point where new recruits cannot be found.

Pyramid scheme

An illegal, fraudulent scheme in which a con artist convinces victims to invest by promising an extraordinary return but instead simply uses newly invested funds to pay off any investors who insist on terminating their investment.



Pyramid scheme

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