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Ponzi scheme


Pon·zi scheme

noun \ˈpän-zē-\

Definition of PONZI SCHEME

: an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks
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Origin of PONZI SCHEME

Charles Ponzi †1949 American (Ital.-born) swindler
First Known Use: 1973

Rhymes with PONZI SCHEME

academe, balance beam, blow off steam, buttercream, clotted cream, disesteem, double-team, enthymeme, heavy cream, misesteem, monotreme, on the beam, self-esteem, treponeme

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