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Ponzi scheme

1 ENTRIES FOUND:
Ponzi scheme /ˈpɑːnzi-/ noun
plural Ponzi schemes
Ponzi scheme
/ˈpɑːnzi-/
noun
plural Ponzi schemes
Learner's definition of PONZI SCHEME
[count] US

Ponzi scheme

noun

Pon·​zi scheme ˈpän-zē- How to pronounce Ponzi scheme (audio)
: an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks

Word History

Etymology

Charles Ponzi †1949 American (Italian-born) swindler

First Known Use

1920, in the meaning defined above

Time Traveler
The first known use of Ponzi scheme was in 1920

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