PONZI SCHEME


Meaning of PONZI SCHEME in English

[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

Merriam-Webster English vocab.      Английский словарь Merriam Webster.