pyramid scheme

noun
13 letters28 points in Scrabble®30 points in WWF®
DEFINITIONS1
NOUN
1

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.

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Scrabble®28 points
Words With Friends®30 points
Double word56 points
Triple word84 points
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