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Meaning of word pyramid scheme from English dictionary with examples, synonyms and antonyms.

pyramid scheme   noun

Meaning : 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. When the number of new recruits fails to sustain the hierarchical payment structure the scheme collapses with most of the participants losing the money they put in.

Pyramid scheme meaning in Bengali (Bangla).