pyramid scheme

(redirected from Financial pyramid)
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  • noun

Words related to 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 recruit

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References in periodicals archive ?
According to on-line reports, the financial pyramid MMM-2011 resumed its activities in Internet and in Kyrgyzstan, which is proved by the billboard on the cross of Kievskaya-Tynystanova streets in Bishkek inviting to participate citizens in the new financial pyramid MMM-2011 owned by Russian entrepreneur Sergey Mavrodi," the National Bank said in its statement.
The Ganart solution reaches the entire financial pyramid, particularly the un-banked and under-banked.
Yet, it's the grass roots level participants and supporters who support the top of the financial pyramid.
Each month, another floor is being built in the financial pyramid that brought Macedonia to the situation of financial collapse.
I interviewed an editor who told me he was kidnapped by Albanian police, bent on silencing him from reporting on riots after a financial pyramid scheme collapsed a decade ago.
This conclusion is based upon identifying a financial pyramid in which employees are prepaying their own wages.
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