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
Origin of ponzi scheme
Charles Ponzi †1949 American (Ital.-born) swindler
First Known Use: 1973
Seen and Heard
What made you want to look up Ponzi scheme? Please tell us where you read or heard it (including the quote, if possible).