Ponzi scam

Wikipedia has an article on:

Wikipedia

EnglishEdit

EtymologyEdit

Named after the swindler Carlo (Charles) Ponzi.

NounEdit

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.

SynonymsEdit

Last modified on 13 March 2009, at 15:03