pyramid scheme

pyramid scheme. A property-distribution scheme in which a participant pays for the chance to receive compensation for introducing new persons to the scheme, as well as for when those new persons themselves introduce participants. • Pyramid schemes are illegal in most states. — Also termed endless-chain scheme; chain-referral scheme; multilevel-distribution program; pyramid distribution plan. Cf. PONZI SCHEME. [Cases: Consumer Protection 12. C.J.S. Credit Reporting Agencies; Consumer Protection §§ 56–58.]

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词条贡献者

译者晓琳，法学硕士（国际争议解决方向），擅长翻译各种与复杂跨境争议相关的法律文件。