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Ponzi scheme

/ (ˈpɒnzɪ) /
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noun
a fraudulent investment operation that pays quick returns to initial contributors using money from subsequent contributors rather than profit
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Word Origin for Ponzi scheme

After 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

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