NOUN | act | pyramiding | a fraudulent business practice involving some form of pyramid scheme e.g., the chain of distribution is artificially expanded by an excessive number of distributors / distributors selling to other distributors / distributors at progressively higher wholesale prices until retail prices are unnecessarily inflated |
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Meaning | A fraudulent business practice involving some form of pyramid scheme e.g., the chain of distribution is artificially expanded by an excessive number of distributors / distributors selling to other distributors / distributors at progressively higher wholesale prices until retail prices are unnecessarily inflated. | |
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Broader | swindle, cheat, rig | The act of swindling by some fraudulent scheme |
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