Pyramid scheme

noun

Word Frequency: 0.0

Definitions

1.nounAn illicit money-making investment scheme whereby early investors are paid primarily or wholly by later investors. Eventually all such schemes fail to the detriment of recent (later) investors.

Synonyms

Ponzi scam Ponzi scheme ponzi scheme ponzi pyramiding phoenixism angle racket rip-off pious fraud malinvestment scam

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