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Glossary > P > "Pyramid scheme" Definition

Pyramid scheme

An investment scheme which relies on recruiting an ever-growing number of new entrants to pay off its earlier members.By definition, pyramid schemes must eventually collapse because there comes a point where new recruits cannot be found.

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Pyramid scheme - An investment scheme which relies on recruiting an ever-growing number of new entrants to pay off its earlier members.By definition, pyramid schemes must eventually collapse because there comes a point where new recruits cannot be found.

Pyramid scheme : an investment scheme which relies on recruiting an ever-growing number of new entrants to pay off its earlier members.by definition, pyramid schemes must eventually collapse because there comes a point where new recruits cannot be found.