-
Trending Now:
More Trending:
- scaramouch non sequitur admiral's mast calumny kakistocracy
- ALL
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
Read the Latest from M-W
Origin and Etymology of ponzi scheme
Charles Ponzi †1949 American (Italian-born) swindler
Law Dictionary
Ponzi scheme
play
noun
Pon·zi scheme
\ˈpän-zē-ˌskēm\
Legal Definition of Ponzi scheme
: an investment swindle in which early investors are paid with sums obtained from later ones in order to create the illusion of profitability
Origin and Etymology of ponzi scheme
Charles A. Ponzi (ca. 1882–1949), Italian-born American swindler
Learn More about ponzi scheme
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).
Writing? Check your grammar now!