Ponzi

[ pon-zee ]
/ ˈpɒn zi /

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.

QUIZZES

GEE WHILLIKERS! WAIT TILL YOU SEE THIS WORD OF THE DAY QUIZ!

Do you remember all the words from last week, September 21–27, 2020? Then this quiz should be butyraceous.
Question 1 of 7
What does “yare” mean?
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. 2020

Example sentences from the Web for Ponzi