Ponzi scheme

play
noun Pon·zi scheme \ˈpän-zē-\

Definition of Ponzi scheme

  1. :  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 and Etymology of ponzi scheme

Charles Ponzi †1949 American (Ital.-born) swindler


First Known Use: 1973


Law Dictionary

Ponzi scheme

play
noun Pon·zi scheme \ˈpän-zē-ˌskēm\

Legal Definition of Ponzi scheme

  1. :  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


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