PYRAMID SCHEME
\pˈɪɹɐmˌɪd skˈiːm], \pˈɪɹɐmˌɪd skˈiːm], \p_ˈɪ_ɹ_ɐ_m_ˌɪ_d s_k_ˈiː_m]\
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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.
By Princeton University
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Same as a Ponzi scheme. One person recruits a person to a retail scheme then that person recruits people and son on and son until the first person has an increasing number of peole under them. Each person pays a fee to join and the only people who make money are the first couple of t of sellers.iers
By Henry Campbell Black
