Ponzi scheme

Frequency: 5.53.9 per million words

a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors

schemeADJECTIVE + scheme (a clever, often dishonest plan)

Categories:

Ponzi

Examples (10)

  • Many investors lost their life savings in the massive Ponzi scheme.
  • Authorities are investigating the alleged Ponzi scheme that defrauded thousands.
  • He was sentenced to prison for orchestrating a sophisticated Ponzi scheme.
  • The financial advisor secretly ran a Ponzi scheme for over a decade.
  • Identifying a Ponzi scheme can be difficult, as they often promise high returns.
  • Victims of the Ponzi scheme are seeking compensation for their losses.
  • New investors' money was used to pay off old investors in the classic Ponzi scheme fashion.
  • Regulators issued a warning about a potential Ponzi scheme operating online.
  • The documentary exposed the inner workings of the notorious Ponzi scheme.
  • To avoid becoming a victim, learn the red flags of a Ponzi scheme.