Pyramid Scheme

Home / Glossary / Pyramid Scheme

Pyramid Scheme

What is Pyramid Scheme

A crypto pyramid scheme is a sort of financial fraud in which high-level crooks join and profit from a swell of new members who have been duped. Pyramid schemes also referred to as multi-level marketing schemes operate by recruiting people and then rewarding them for bringing on new recruits. The folks at the top make more money the more people who invest at the lower level. You won’t truly generate any money if you don’t bring in new employees. Frequently, the system finally collapses, leaving people at the bottom with nothing while those at the top profit handsomely.


My Newsletter

Sign Up For Updates & Newsletters