Recent Examples of pyramid scheme from the Web
The suits claim the company is a pyramid scheme that urges sellers to go into debt to purchase inventory.
China famously banned ICOs, lumping them in with pyramid schemes.
Russell Winer, a marketing professor at New York University's Stern School of Business, believes the company is not a pyramid scheme.
Lumping ICOs in with pyramid schemes, the central bank demanded that such schemes should stop immediately, and those that have already run ICOs should return investors' cash.
The campaign follows high-profile investigations into a few Chinese organizations that authorities suspect are pyramid schemes.
There’s billionaire Education Secretary Betsy DeVos, heir to Amway, one of the largest and best-known multilevel marketing companies in the world and arguably a pyramid scheme.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'pyramid scheme.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of pyramid scheme
PYRAMID SCHEME Defined for English Language Learners
Definition of pyramid scheme for English Language Learners
: 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
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