Ponzi

Ponzi

[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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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