Last modified on 22 March 2015, at 13:39

Ponzi scam

EnglishEdit

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Wikipedia

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