pyramid scheme

noun
pyramid ( def 8 ).
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To pyramid scheme
WordNet
pyramid scheme

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 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
Example sentences
There's his soap powder pyramid scheme, his real estate and employment agency
  gambits.
It is a pyramid scheme where the beneficiaries are outgrowing the contributors.
Businessman held in pyramid scheme in plea negotiations.
Who is not allowed to participate in this pyramid scheme at the highest level.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature