Ponzi scam
See also: ponzi scam
English
Etymology
Named after the swindler Carlo (a.k.a. Charles) Ponzi.
Noun
Ponzi scam (plural Ponzi scams)
- 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
- pyramid scheme
- Ponzi scheme