pyramid selling


Also found in: Dictionary, Financial, Wikipedia.
Related to pyramid selling: pyramid scheme, Multi Level Marketing

pyramid selling

a practice adopted by some manufacturers of advertising for distributors and selling them batches of goods. The first distributors then advertise for more distributors who are sold subdivisions of the original batches at an increased price. This process continues until the final distributors are left with a stock that is unsaleable except at a loss
References in periodicals archive ?
Organisers have been able to get around existing legislation against pyramid selling by branding their operations as "gifting" schemes.
A LOTTERY boss sacked for roping staff into a pyramid selling scam launched a bid for compensation yesterday.
can constitute pyramid selling which is prohibited by Japanese legislation.
Dr Dieter Hoffmann of the DG Health and Consumer Protection chaired a two-day hearing in Brussels in mid-March on door to door selling, pyramid selling and multi-level marketing.
Playing the role of a stranger in a strange land, Owen examines these enterprises and also provides first-person accounts of a Beatles memorabilia tour, a conference for Amway-like pyramid selling networks, and a meeting in St.
In February 2013, the Federal Court made declarations by consent that a former director of Crimeguard International Security Systems Pty Ltd was involved in a pyramid selling scheme.
There are hundreds of scams - fake lotteries and prize draws, bogus health cures, dodgy investment schemes, pyramid selling, phishing - to name a few.
And he established pyramid selling schemes on the internet using businesses such as Lifeclub and Pocketmoney Club to cheat investors out of money.
The pyramid selling structure for a game at Charlton, Millwall or Swindon is: Sunday (1 0.
This must have been the most grandiose example of pyramid selling ever in the history of deception.
Huge leveraged deals at the top end were stretching the accepted norms, debt was being piled on to companies, easy credit was sloshing around the system - it had become akin to pyramid selling.