PONZI SCHEME


Meaning of PONZI SCHEME in English

noun Etymology: Charles Ponzi died 1949 American (Italian-born) swindler Date: 1973 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

Merriam Webster. Explanatory English dictionary Merriam Webster.      Толковый словарь английского языка Мерриам-Уэбстер.