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Ponzi scheme

noun
/ˈpɒnzi skiːm/
/ˈpɑːnzi skiːm/
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  1. a plan for making money that involves encouraging people to invest by offering them a high rate of interest and using their money to pay earlier investors. When there are not enough new investors, people who have recently invested lose their money.龐氏騙局,非法集資(指提供高息以吸引人們投資,將得來的錢用於償還之前的投資者,而當沒有足夠的新投資者時,就會給最近的投資者造成損失)
    Word OriginFrom Charles Ponzi, who organized the first scheme of this kind in the US in 1919.

See also: pyramid scheme


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