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Complete Definition of "ponzi scam"

English
Etymology
Named after the swindler Carlo (Charles) Ponzi.
Noun
Ponzi scam (Plural Ponzi scams)

  1. A fraudulant scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment.

Synonyms
Pyramid scheme<br>
Ponzi scheme

Revision and Credits for"ponzi scam"
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