Definition of pyramid scheme in English:
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.
- 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.