Meaning of the word "ponzi scheme" in English
What does "ponzi scheme" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
ponzi scheme
US /ˈpɑːn.zi ˌskiːm/
UK /ˈpɒn.zi ˌskiːm/
Noun
a fraudulent investment operation where the operator pays returns to earlier investors with money taken from later investors
Example:
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Many people lost their life savings in the elaborate Ponzi scheme.
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The financial regulator issued a warning about a new potential Ponzi scheme targeting retirees.
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