Ponzi scam

Definition from Wiktionary, the free dictionary
Jump to: navigation, search
Wikipedia has an article on:

Wikipedia

English[edit]

Etymology[edit]

Named after the swindler Carlo (Charles) Ponzi.

Noun[edit]

Ponzi scam (plural Ponzi scams)

  1. A fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment.

Synonyms[edit]