Ponzi schemePon·zi scheme
Origin of Ponzi schemeafter C. K. Ponzi (1882-1949), Italian immigrant to the United States who committed investment fraud and other crimes
Origin of Ponzi schemeAfter Charles Ponzi, (1882?–1949), Italian-born speculator who organized such a scheme (1919–1920).
(plural Ponzi schemes)
- A Ponzi scam.
From Charles Ponzi, who famously conducted a pyramid scheme in North America in the early twentieth century.