Ponzi scheme
11
4.3
- noun
- /ˈpɒn.zi skiːm/
:
esquema Ponzi
- He thought he could make quick money, but instead he fell victim to a Ponzi scheme that left him broke.
- Madoff's Ponzi scheme
- running a Ponzi scheme
- Ponzi scheme financial scams
What happens when you taper a Ponzi scheme and people start taking their money out?
- What happens when you taper a Ponzi scheme and people start taking their money out?
- Oh no, this is this is crypto, not a Ponzi scheme.
- He was charged criminally for the for the Ponzi scheme.
- What they did is essentially set up a Ponzi scheme where they had Enron sell its subsidiaries.
- It ranges from over promising and under delivering to fraudulent PPP loans, to large scale Ponzi schemes like Bernie Madoff ran.
- I mean, Elon Musk is on Joe Rogan saying that he thinks Social Security is a Ponzi scheme.
- I ran a Ponzi scheme that preyed on the elderly, but I didn't know right from wrong.
- But the key point was, is that all of these arguments were necessary to keep the institutional structure going as the Ponzi scheme ran out.
- Bernie Madoff pulled off his Ponzi scheme for a lot longer, right under the the nose of the SEC and and FINRA.
- It I mean, it's really in a way it's sort of a very long con Ponzi scheme because it has to keep growing in order to keep meeting its obligations.
- It just took people for some reason pulling their money from that Terra Ponzi scheme and that set off the whole collapse.
- Bernie Madoff is from my town, the biggest Ponzi scheme schemer ever.
- OK, the Dutch Tulip boom was an insane kind of Ponzi scheme Nutter boom.
- First up, Ponzi schemes and MLMS.
Examples
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Many unsuspecting individuals lost their savings to a fraudulent Ponzi scheme that promised high returns.
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So, so Ted, you know, Bernie Madoff was the biggest Ponzi scheme in history so far.
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Remember the guy on the news running a Ponzi scheme... ...about a year ago?
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A Ponzi scheme is a classic fraud.
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From Massachusetts: "Global Information Network is a Ponzi scheme of the highest order."
Blog text (30) -
A Ponzi scheme can only survive as long as it pays off any investors who request their money back.
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Social Security is now a Ponzi scheme where current workers pay the benefits of retirees until death.
Blog text (5) -
Well, just got off the phone with the SEC, and it seems that this Lockwise charity is definitely a Ponzi scheme.
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What they did is essentially set up a Ponzi scheme where they had Enron sell its subsidiaries.
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He was convicted in 1998 for running a Ponzi scheme that bilked investors...
Synonyms
577
4.0
Deceiving someone to get money or an unfair advantage
294
3.0
A dishonest plan to get money by tricking people
1
4.6
A dishonest plan that promises to make you rich quickly with little work
1
6.3
An illegal plan to get money by tricking people
How Fraudulent
Surface Forms
Morphology
Ponzi + scheme
This is an eponymous term: 'Ponzi' is a proper name with no independent lexical meaning for a learner, and 'scheme' only signals a plan. The specific fraudulent mechanism (paying earlier investors from new investors' funds) is not derivable from the parts, so a B1 learner who knows the words would not reliably infer the full meaning.
Etymology
Ponzi scheme comes from Charles Ponzi, a man in the 1920s who cheated investors by paying earlier people with money from new ones instead of real earnings. That's why Ponzi scheme now means 'an investment trick that uses new people's money to pay earlier investors'.