Advertising

Pyramid scheme

• An illegal, fraudulent scheme in which a con artist contrives victims to invest by promising an extraordinary return but simply uses newly invested funds to pay off any investors who insist on terminating their investment.

 
 Embedded terms in definition
 Return
 
 Related Terms
 Pyramiding or to pyramid

<< Px or px Pyramiding or to pyramid >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

Peace cannot be kept by force. It can only be achieved by understanding. Albert Einstein

Advertising



Copyright 2009-2018 GVC. All rights reserved.