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It operates as a kind of do-gooder pyramid scheme: A charity holding an event enlists volunteers, who use Kintera to hound friends for contributions.
It operates as a consultant instead.
It operates as a command center".
It operates as a bank holding company.
It operates as a well-oiled machine.
Amid much fanfare nearly three years ago, Ackman alleged publicly that Herbalife, a Los Angeles nutritional products company, was operated as a pyramid scheme and that its shares would fall to zero.
US authorities believe that Madoff Securities operated as a Ponzi scheme for more than three decades.
But once the bonds were illegally sold on, Elias effectively operated as a Ponzi scheme – a pyramid-style scam.
Fels also agreed to finance a much larger colony at Hollesley Bay in Suffolk, to be operated as a government scheme under the Local Government Board.
Herbalife disclosed in its most recent annual report that it runs the risk of being found to operate as a pyramid scheme, and in 2011, a Belgian court even found that it was one.
The judges asserted that the government's export rules operated as a kind of prepublication licensing scheme that obstructed the professor's rights to scientific expression.
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