Ponzischeme

Ponzischeme
Pon·zi scheme (pŏnʹzē) n.
An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.
  [After CharlesPonzi (1882?-1949), Italian-born speculator who organized such a scheme (1919-1920).]

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Universalium. 2010.

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