Advertisement
Advertisement
Ponzi scheme
/ ˈpɒnzɪ /
noun
- a fraudulent investment operation that pays quick returns to initial contributors using money from subsequent contributors rather than profit
Discover More
Word History and Origins
Origin of Ponzi scheme1
After Charles Ponzi , who famously perpetrated such a scheme in the United States of America in the early 20th century
Discover More
Example Sentences
When Suzanne Somers called Obamacare a socialized ponzi scheme, critics swiftly ripped apart her argument.
From The Daily Beast
De la Villehuchet's suicide adds yet another gruesome chapter to the Bernie Madoff Ponzi scheme.
From The Daily Beast
Advertisement
Advertisement
Advertisement
Advertisement
Browse