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  1. Pyramid scheme - Wikipedia

    A pyramid scheme is a business model which, rather than earning money (or providing returns on investments) by sale of legitimate products to an end consumer, mainly earns money by …

  2. What Is a Pyramid Scheme? How Does It Work? - Investopedia

    Apr 30, 2025 · What Is a Pyramid Scheme? A pyramid scheme is a fraudulent investment where participants make money primarily by recruiting new investors rather than from legitimate …

  3. Pyramid scheme | Description, Companies, Examples, & Facts

    A pyramid scheme is a fraudulent business model that seeks to funnel revenue from recruited members to the scheme’s organizers by promising payments to members for recruiting new …

  4. Investor Protection Guide: Pyramid Scheme - LII / Legal …

    A pyramid scheme is an unsustainable, illegal business model where investment returns are typically from the principal of investments or membership fees instead of from the underlying …

  5. Pyramid Scheme | Definition, Legal & Ethical Implications

    Sep 1, 2023 · A pyramid scheme is a fraudulent business model that involves recruiting new participants with promises of earning money by selling a product or service, but where the …

  6. Pyramid Schemes | New York State Attorney General

    A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit …

  7. Pyramid Schemes - Investor.gov

    When fraudsters attempt to make money solely by recruiting new participants into a program, that is a pyramid scheme, and there is only one possible mathematical result – collapse. Imagine if …

  8. Pyramid Scheme : Meaning, Working, Types and Examples

    Jul 23, 2025 · A pyramid scheme is a fraudulent investment scam that recruits members via a promise of high returns for enrolling others into the scheme rather than from any real profit …

  9. What is a Pyramid Scheme and Why is It Illegal? - Internaware

    Jan 9, 2024 · A pyramid scheme is a fraudulent system of making money that requires participants to recruit new members into a program rather than sell real products or services to …

  10. Top 10 Famous Pyramid Schemes 2025 (And How to Avoid Them!)

    What Is a Pyramid Scheme? A pyramid scheme is a business structure that pays more for recruiting new members or distributors than it does for selling actual product. Each of these …