Unnumbered source etymology
Original entry ↗verb
To introduce or perpetrate a Ponzi scheme style scam. · To deceive someone by promising false investment returns that are funded by the proceeds of a new victim.
noun
A Ponzi scheme.
adj
Selected source glosses provide context, not a complete modern definition inventoryPertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.
Named after con artist Charles Ponzi (1882–1949) who notoriously ran such type of scam.
Inspect preserved source fields
Raw extraction fields are retained for auditing. Their order does not establish ancestry.
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