A pyramid scheme is one type of ______ whereby people use their institutional or business position to trick others out of their money.

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A pyramid scheme is a form of white-collar fraud, which involves using deception, manipulation, or other illegal practices to obtain money, property, or services from individuals or businesses. In a pyramid scheme, participants are recruited to invest money with the promise of high returns, but the only way to make money is by recruiting new members. As the scheme grows, it becomes unsustainable and eventually collapses, leaving the vast majority of participants with empty pockets.

A Pyramid Scheme Is One Type of ______ Whereby People