[Pon.zi scheme] n [Charles A. Ponzi d. 1949 Am. (Ital.-born) swindler] (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
PONZI SCHEME
Meaning of PONZI SCHEME in English
Merriam-Webster English vocab. Английский словарь Merriam Webster. 2012