Ponzi scheme
/ (ˈpɒnzɪ) /
noun
a fraudulent investment operation that pays quick returns to initial contributors using money from subsequent contributors rather than profit
Origin of Ponzi scheme
1After Charles Ponzi, who famously perpetrated such a scheme in the United States of America in the early 20th century
Words Nearby Ponzi scheme
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
How to use Ponzi scheme in a sentence
When Suzanne Somers called Obamacare a socialized Ponzi scheme, critics swiftly ripped apart her argument.
Suzanne Somers Responds To Critics, Says She Has A Thick Skin | Brandy Zadrozny | October 30, 2013 | THE DAILY BEASTDe la Villehuchet's suicide adds yet another gruesome chapter to the Bernie Madoff Ponzi scheme.
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