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A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.
A pyramid scheme is an illegal investment scam based on a hierarchal setup.new recruits make up the base of the pyramid and provide the funding or so called returns the earlier investors recruits above them receive.
An individual or a company initiates a pyramid scheme by recruiting investors with an offer of guaranteed high returns.
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of product or services.
A pyramid scheme is an illegal investment scam based on a hierarchical setup.
A pyramid scheme does not involve the selling of products. Rather, it relies on the constant inflow of money from additional investors that works its way to the top of the pyramid.
The main characteristic of a pyramid scheme is that participants only make money by recruiting more members.
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