This method involves an individual receiving money from people who work for the company, but no goods or services are being provided. This is considered an illegal business practice.
Related information about pyramid selling:
- Pyramid scheme - Wikipedia, the free encyclopedia
and the fact while some people call MLMs in general "pyramid selling" others use the term to denote an illegal pyramid scheme masquerading as an MLM.
- pyramid selling - The Free Dictionary
(Business / Commerce) a practice adopted by some manufacturers of advertising for distributors and selling them batches of goods. The first distributors then ...
- Multi-level Marketing and Pyramid Selling - Competition Bureau
The Competition Act explains the differences between multi-level marketing plans and schemes of pyramid selling, and sets out the responsibilities for operators ...
- What is pyramid selling? definition and meaning
Definition of pyramid selling: Illegal type of network marketing in which recruits pay an admission fee to join the scheme to earn commissions on persuading ...
- Multi-Level Marketing and Pyramid Selling (Prohibition) Act
An Act to prohibit the registration of businesses that are designed to promote multi-level marketing schemes or arrangements or pyramid selling schemes or ...
- Pyramid Selling and Multi-Level Marketing Claims | Commerce ...
Aug 13, 2010 ... Pyramid selling schemes are illegal in New Zealand. They are specifically prohibited by the Fair Trading Act because they are unfair and it is ...
- pyramid selling noun - definition in British English Dictionary ...
pyramid selling noun - definition, audio pronunciation, synonyms and more for pyramid selling noun: in business, when someone buys the right to sell a ...
- Multi-level Marketing and Pyramid Selling
Oct 16, 2007 ... What is Multi-Level Marketing (MLM) and Pyramid Selling? How do I recognise a pyramid selling scheme? How are MLM activities governed in ...