pyramid scheme

Definition of "pyramid scheme"
  1. A fraudulent investment strategy where returns for older investors are paid by new investors, rather than from actual profits
How to use "pyramid scheme" in a sentence
  1. He lost all his savings after investing in a pyramid scheme.
  2. The company was charged with operating a pyramid scheme.
  3. Beware of pyramid schemes promising high returns with little investment.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z