Ponzi
See also: ponzi
English edit
Etymology edit
Named after con artist Charles Ponzi (1882–1949) who notoriously ran such type of scam.
Pronunciation edit
- (Received Pronunciation) IPA(key): /ˈpɒnzi/
- (General American) IPA(key): /ˈpɑnzi/
- Rhymes: -ɒnzi
Adjective edit
Ponzi (not comparable)
- (finance) Pertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.
- 2012 March 8, “Fraudster jailed for Britain's biggest Ponzi scam”, in The Guardian[1]:
- Officers, who say he [Kautilya Nandan Pruthi] was Britain's most prolific Ponzi fraudster "by some way", fear that only around £2m will be returned to his victims.
Noun edit
Ponzi (plural Ponzis)
- A Ponzi scheme.
- 2003, Ben Armstrong, Catching Up to Crypto, page 67:
- To be fair, degenerate gambling and poorly designed Ponzis have consumed some corners of the crypto market, […]
Italian edit
Etymology edit
From the personal name Ponzio.
Proper noun edit
Ponzi m or f by sense
- a surname originating as a patronymic