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Definitions and Synonyms of pyramid scheme | Another word for pyramid scheme | What is pyramid scheme?

Definition 1: 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 - [noun denoting cognition]

(pyramid scheme is a kind of ...) an elaborate and systematic plan of action

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