What is "Pyramid Schemes"?

[arul]

Pyramid schemes 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.

[Mounika]

Chain recruiting scam in which the main objective is to continuously bring in new members than to sell any thing of real value

[Arunkumar.B]

A pyramid scheme is an illegal investment scam based on a hierarchical setup.

[Shalini.s]

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

[Author]

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