pyramid selling
Definition
Illegal type of network marketing in which recruits pay an admission fee to join the scheme to earn commissions on persuading other people to join the scheme, but little or no product of any real value is exchanged. Such schemes are banned in most countries. See also Ponzi scheme. Not to be confused with pyramiding.
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pyramid selling is in the Advertising, Marketing, & Sales and Corporate, Commercial, & General Law subjects.
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