Ponzi

[ pon-zee ]
/ ˈpɒn zi /

noun

a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
Also called Ponzi game, Ponzi scheme.

Origin of Ponzi

after Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20

Words related to ponzi

con, flimflam, hustle, racket, rip-off, sting, swindle, bait-and-switch, bunko

Example sentences from the Web for ponzi