A pyramid scheme is a very specific type of fraud: starting with a very small gr...

rue on Feb 17, 2011 | parent | context | favorite | on: It’s Not a Bubble, People; It’s a Pyramid Scheme

A pyramid scheme is a very specific type of fraud: starting with a very small group and adding tiers of people, using the entry fees (whatever the pretense) of the lower tiers to pay dividends to those in the higher tiers.