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Pyr·a·mid scheme

/ˈpirəˌmid skēm/

noun
- 1. a form of investment (illegal in the US and elsewhere) in which each paying participant recruits two further participants, with returns being given to early participants using money contributed by later ones.
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Pyramid scheme
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Type of unsustainable business model
A pyramid scheme is a business model which earns primarily by enrolling others into the scheme, however rather than earning income (or providing returns-on-investments) by sale of legitimate products to an end consumer, it mainly earns by recruiting new members with the promise of payments (or services). Wikipedia
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