PONZI SCHEME


Meaning of PONZI SCHEME in English

transcription, транскрипция: [ ˈpän-zē- ]

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's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.