Find a Qualified Attorney Near You
Find a Qualified Attorney Near You
Search by legal issue and/or location
Enter information in one or both fields. (Required)
term:
Ponzi Scheme
ponzi scheme n
[Charles A. Ponzi (ca. 1882-1949), Italian-born American swindler]
: an investment swindle in which early investors are paid with sums obtained from later ones in order to create the illusion of profitability
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.