PONZI SCHEME


Meaning of PONZI SCHEME in English

ˈpyramid ˌscheme BrE AmE ( also Pon‧zi scheme /ˈpɒnzi skiːm $ ˈpɑːn-/) noun [countable]

a dishonest and often illegal way of selling ↑ investment s , in which money from people who ↑ invest later is used to pay people in the system who have already invested

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.