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Ponzi

[ pon-zee ]
/ ˈpɒn zi /
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noun
a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
QUIZ
SHALL WE PLAY A "SHALL" VS. "SHOULD" CHALLENGE?
Should you take this quiz on “shall” versus “should”? It should prove to be a quick challenge!
Question 1 of 6
Which form is used to state an obligation or duty someone has?
Also called Ponzi game, Ponzi scheme .

Origin of Ponzi

After Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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