pyramid scheme (Meaning)
pyramid scheme (n)
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
Synonyms & Antonyms of pyramid scheme
Synonyms:
pyramid scheme Sentence Examples
- The company promised quick riches through their pyramid scheme, but it ultimately collapsed, leaving many investors in financial ruin.
- Participants in the pyramid scheme were encouraged to recruit others into the network, with the promise of exponential returns.
- Despite warnings from financial experts, many people fell prey to the allure of the pyramid scheme's unrealistic promises.
- The organizers of the pyramid scheme profited handsomely while those at the bottom of the pyramid suffered losses.
- Government authorities launched an investigation into the pyramid scheme, uncovering evidence of fraudulent activities.
- Social media platforms became breeding grounds for the spread of pyramid schemes, targeting vulnerable individuals seeking financial stability.
- The pyramid scheme disguised itself as a legitimate business opportunity, preying on the hopes and dreams of unsuspecting investors.
- Victims of the pyramid scheme were lured by the prospect of easy money, only to find themselves trapped in a web of deceit.
- The collapse of the pyramid scheme led to widespread public outrage and calls for stricter regulations on financial schemes.
- Education and awareness campaigns were launched to educate the public about the dangers of pyramid schemes and how to identify them.
FAQs About the word pyramid scheme
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 re
Ponzi scheme, shell game,cross, thimblerig, fraud, con, scam, fix, racket, swindle
No antonyms found.
The company promised quick riches through their pyramid scheme, but it ultimately collapsed, leaving many investors in financial ruin.
Participants in the pyramid scheme were encouraged to recruit others into the network, with the promise of exponential returns.
Despite warnings from financial experts, many people fell prey to the allure of the pyramid scheme's unrealistic promises.
The organizers of the pyramid scheme profited handsomely while those at the bottom of the pyramid suffered losses.
