Ponzi scheme

== English == === Etymology === Named after con artist Charles Ponzi (1882–1949), who famously conducted such form of fraud in North America in the 1920s. === Noun === Ponzi scheme (plural Ponzi schemes) 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. Synonym: Ponzi scam Coordinate term: pyramid scheme ==== Translations ====