Ponzi

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See also: ponzi

English

Etymology

Named after con artist Charles Ponzi (1882–1949) who notoriously ran such type of scam.

Pronunciation

Adjective

Ponzi (not comparable)

  1. (finance) Pertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.
    • 2012 March 8, “Fraudster jailed for Britain's biggest Ponzi scam”, in The Guardian‎:
      Officers, who say he [Kautilya Nandan Pruthi] was Britain's most prolific Ponzi fraudster "by some way", fear that only around £2m will be returned to his victims.

Noun

Ponzi (plural Ponzis)

  1. A Ponzi scheme.
    • 2003, Ben Armstrong, Catching Up to Crypto, page 67:
      To be fair, degenerate gambling and poorly designed Ponzis have consumed some corners of the crypto market, […]

Italian

Italian Wikipedia has an article on:
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Etymology

From the personal name Ponzio.

Proper noun

Ponzi m or f by sense

  1. a surname originating as a patronymic

Anagrams

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