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Ponzi

Pronunciation: /ˈpɒnzi/

The English word “Ponzi” has 4 meanings listed here.

adjective

  1. Pertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.

noun

  1. A Ponzi scheme.

verb

  1. To introduce or perpetrate a Ponzi scheme style scam.
  2. To deceive someone by promising false investment returns that are funded by the proceeds of a new victim.

Etymology

Named after con artist Charles Ponzi (1882–1949) who notoriously ran such type of scam.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.