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Related to Ponzi: pyramid scheme, MMM, Bernie Madoff


(ˈpɒn zi)

a swindle in which a quick return on an initial investment paid out of funds from new investors lures the victim into bigger risks. Also called Pon′zi scheme`.
[after Charles Ponzi (died 1949), the organizer of such a scheme in the U.S., 1919–20]
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References in periodicals archive ?
The team also handles corporate theft, and recovery after data breach, with a focus on financial losses, and has particular experience in all aspects of liquidating Ponzi schemes.
Tsvetan Vasilev, the mainA shareholder of Bulgariaas collapsed Corporate Commercial Bank, has denied charges he wasA running the bank as a Ponzi scheme.
But the multi-millionaire has been "stung" by a Ponzi scheme in the US state of Michigan, where she is believed to have bought more than 100 houses.
THE government has constituted a highpowered committee to recommend steps to strengthen the existing legislative and administrative framework for curbing the menace of Ponzi schemes.
investments were made into a so-called There are fears the investments were made into a so-called Ponzi scheme.
3m from a group of small investors in a so-called Ponzi scheme has left their financial future in ruins, police said.
She is understood to have told the ED officials that she knew nothing of the business investments and other ponzi schemes run by the group.
Global Banking News-August 8, 2014--Lawsuit claims that Nebraska insurance firm aided ponzi scheme
The apex court bench said the investigating agency will also look into any other ponzi scheme involved in chit fund scam in West Bengal, besides Saradha.
Securities and Exchange Commission of being a Ponzi scheme, will undergo bankruptcy in Massachusetts, not Las Vegas.
The "Pinot Pioneer Dinner Series" not only features Ponzi wines, but Dick and Nancy Ponzi, who helped launch Oregon's wine industry, will be in attendance.
An accounting executive who allegedly helped Bernard Madoff on his multibillion-dollar Ponzi scheme was charged by the US authorities who are broadening their investigation into the fraud five years after it was uncovered.