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Ponzi scheme

noun

Etymology

Named after con artist Charles Ponzi (1882–1949), who famously conducted such form of fraud in North America in the 1920s.

Definitions

  1. A fraudulent scheme where earlier investors are paid with the money taken from new…

    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.

    • Now, a long-running Ponzi scheme requires a narrative — and the narrative is where crypto really excels.

The neighborhood

Vish — recursive loop

No curated loop yet for Ponzi scheme. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA