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ponzi - 1 dictionary results

Pon⋅zi

   [pon-zee]
–noun
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.
Also called Ponzi game, Ponzi scheme.

Origin:
after Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
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