Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A Ponzi scam.

Etymologies

After Charles Ponzi (1882?-1949), Italian-born speculator who organized such a scheme (1919-1920).
(American Heritage® Dictionary of the English Language, Fourth Edition)
From Charles Ponzi, who famously conducted a pyramid scheme in North America in the early twentieth century. (Wiktionary)

Examples

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