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pyramid scheme

A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered.

Pyramid schemes are illegal in many countries, including the United States, the United Kingdom, France, Germany, Canada, Romania, Colombia, Malaysia, Norway, Bulgaria, Australia, New Zealand, Japan, Italy, Nepal, Philippines, South Africa Sri Lanka, Thailand, Iran, the People's Republic of China, Mexico and The Netherlands. These types of schemes have existed for at least a century.

 

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