Definition of pyramid scheme in English:

pyramid scheme

Syllabification: pyr·a·mid scheme

noun

A form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones.
More example sentences
  • What is to stop people from holding sessions on the Atkins Diet, on Scientology, or on pyramid selling?
  • The act explains the differences between multi-level marketing and pyramid selling.
  • However, the Chinese Government has labeled network marketing as pyramid selling, and banned it completely.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day neoteny
Pronunciation: niːˈɒt(ə)ni
noun
retention of juvenile features in the adult animal