51Թ

Advertisement

Advertisement

Ponzi scheme

/ ˈɒԳɪ /

noun

  1. a fraudulent investment operation that pays quick returns to initial contributors using money from subsequent contributors rather than profit
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Discover More

51Թ History and Origins

Origin of Ponzi scheme1

After Charles Ponzi , who famously perpetrated such a scheme in the United States of America in the early 20th century

Advertisement

Advertisement

Advertisement

Advertisement

Browse

  • #
  • aa
  • bb
  • cc
  • dd
  • ee
  • ff
  • gg
  • hh
  • ii
  • jj
  • kk
  • ll
  • mm
  • nn
  • oo
  • pp
  • qq
  • rr
  • ss
  • tt
  • uu
  • vv
  • ww
  • xx
  • yy
  • zz