Ponzi

[ pon-zee ]

noun
  1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.

Origin of Ponzi

1
After Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20
  • Also called Ponzi game, Ponzi scheme .

Words Nearby Ponzi

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use Ponzi in a sentence

  • This Sowles is the worst mountebank since Charlie Ponzi, and you know it.

    Telempathy | Vance Simonds