pyramid scheme

Noun
  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 (synset 105916594)
    is a type of: scheme, strategy - an elaborate and systematic plan of action

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