See Also: Ponzi scheme(dictionary)
Ponzi scheme(finance)
Scheme(medicine)
scheme(dictionary)
scheme(2)(dictionary)
scheme(1)(dictionary)
superannuation scheme(dictionary)
scheme 2, verb(dictionary)
scheme 1, noun(dictionary)
pyramid scheme(dictionary)

Ponzi scheme (iou)



Ponzi scheme noun phr. US. E20.
[Charles Ponzi (d. 1949), who perpetrated such a fraud 1919-20.]
A form of fraud in which belief in the success of a non-existent enterprise is fostered by payment of quick returns to the first investors from money invested by others.