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What is a pyramid scheme?

The Federal Trade Commission describes it as a scam in which people within the pyramid are more likely to profit off the purchases or payments each recruit is required to make than they are off the sale of the actual product or venture being sold.

Battle for control over Cirque du Soleil leads to deal with lenders

Cirque du Soleil Ok'd an offer to its lenders in a deal that forgives roughly $825 million of Cirque’s $1.2 billion in outstanding loans in exchange for ownership, while leaving its current owners — a group led by billionaire private titans like David Bonderman — empty-handed.