- 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.
Origin of Ponzi
after Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20
Also called Ponzi game, Ponzi scheme.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for ponzi
Hardly a reassuring forecast coming from a former casino croupier and Ponzi scheme salesman.Putin’s People Stage Their Bogus Vote
May 11, 2014
Squaring perfectly with the defense, Madoff insisted that he alone knew he was running a Ponzi scheme.Bernie Madoff’s Five Little Helpers Are Going To Prison.
Allan Dodds Frank
March 25, 2014
Had he any remorse, he would have implicated those who conspired with him to commit the greatest Ponzi scheme in history.
The Ponzi king is now saying J.P. Morgan executives suspected he was up to no good before his massive fraud was exposed.
Suzanne Somers published an opinion story claiming Obamacare is a noted socialist Ponzi scheme.Suzanne Somers’s 13 Craziest Quotes: Sex, Adam Lanza, Patrick Swayze, and More
October 30, 2013