Pyramid scheme

Definition:

An illegal, fraudulent scheme in which a con artist convinces victims to invest by promising an extraordinary return but instead simply uses newly invested funds to pay off any investors who insist on terminating their investment.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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FLEX Options

Exchange traded equity or index options, where the investor can specify within certain limits the terms of the options, such as exercise price Expiration date, exercise type, and settlement... Read More

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