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What is another word for pyramid scheme?

Need synonyms for pyramid scheme? Here's a list of similar words from our thesaurus that you can use instead.

Noun
An illicit money-making investment scheme whereby early investors are paid primarily or wholly by later investors
“John got involved in a pyramid scheme, promising massive profits by recruiting new members, but eventually, it crumbled as the influx of new investors couldn't sustain the payouts to the earlier participants.”
Noun
A fraudulent scheme where earlier investors are paid with the money taken from new investors
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