Definition of pyramid scheme
: a usually illegal operation in which participants pay to join and profit mainly from payments made by subsequent participants
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
Seen and Heard
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