Pyramid scheme
A pyramid scheme is a business model which earns primarily by enrolling others into the scheme, however rather than earning income by sale of legitimate products to an end consumer, it mainly earns by recruiting new members with the promise of... Wikipedia
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What Is a Pyramid Scheme? How Does It Work? - Investopedia
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May 23, 2023 · A pyramid scheme is a scam where a so-called marketing company promises to help you earn big profits in exchange for recruiting new participants ...
Pyramid schemes are scams. They can look remarkably like legitimate MLM business opportunities and often sell actual products, maybe even ones you've heard of.