Ponzi
Ponzi (noun) means a fraudulent investment scheme that pays existing investors with money from new investors, rather than real profit. Example: “Investigators uncovered a massive ponzi scheme that had run for a decade.”
How to use Ponzi
Learner’s notesIn plain EnglishA scam where early investors are paid using money from later investors, until it collapses.
Word forms
- Plural
- Ponzis, Ponzies
- Third person singular
- Ponzies
- Past tense
- Ponzied
Fill the gap
Can you complete this real example?
Investigators uncovered a massive _____ scheme that had run for a decade.
Etymology
Named after Charles Ponzi (1882–1949), the con artist who made this type of fraud infamous.