Ponzi scam

See also: ponzi scam

English

Etymology

Named after the swindler Carlo (a.k.a. Charles) Ponzi.

Noun

Ponzi scam (plural Ponzi scams)

  1. A fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment.

Synonyms
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.