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A fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment.
Definition source: English Wiktionary via Wiktextract
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: Ponzi scam
Antonyms: none provided
Named after con artist Charles Ponzi (1882–1949), who famously conducted such form of fraud in North America in the 1920s.
Across languages
Translations
15 source translations are retained for this English entry.
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Chinese Mandarin:
龐氏騙局 /庞氏骗局
(Páng-shì piànjú)
— illicit money-making scheme
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Finnish:
Ponzi-huijaus
— illicit money-making scheme
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French:
système de Ponzi
— illicit money-making scheme
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French:
pyramide de Ponzi
— illicit money-making scheme
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Georgian:
პონცის სქემა
(ṗoncis skema)
— illicit money-making scheme
-
German:
but see Schneeballsystem
— illicit money-making scheme
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German:
Ponzi-System
— illicit money-making scheme
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Hindi:
धोखाधड़ी
(dhokhādhaṛī)
— illicit money-making scheme
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Italian:
schema Ponzi
— illicit money-making scheme
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Polish:
schemat Ponziego
— illicit money-making scheme
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Portuguese:
esquema Ponzi
— illicit money-making scheme
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Spanish:
esquema Ponzi
— illicit money-making scheme
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Spanish:
estafa Ponzi
— illicit money-making scheme
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Swedish:
Ponzibedrägeri
— illicit money-making scheme
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Urdu:
ڈَبَل شاہ
(ḍabal śāh)
— illicit money-making scheme