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pyramid scheme

noun

Simple Definition of pyramid scheme

  • : a dishonest and usually illegal business in which many people are persuaded to invest their money and the money of later investors is used to pay the people who invested first

Source: Merriam-Webster's Learner's Dictionary

Full Definition of pyramid scheme

  1. :  a usually illegal operation in which participants pay to join and profit mainly from payments made by subsequent participants

1949

First Known Use of pyramid scheme

1949

Rhymes with pyramid scheme


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