Meaning of “Ponzi scheme” in the English Dictionary

british dictionary

"Ponzi scheme" in British English

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Ponzi schemenoun [ C ]

uk /ˈpɒn.zi ˌskiːm/ us /ˈpɑːn.zi ˌskiːm/

a way of deceiving investors (= people who give money to a company hoping to get more back) by using the money they give to pay interest to existing customers rather than investing it

(Definition of “Ponzi scheme” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"Ponzi scheme" in Business English

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Ponzi schemenoun [ C ]

uk us also pyramid scheme

FINANCE a way of deceiving investors in which money that a company receives from new customers for investment is not invested for them, but is used instead to pay interest that is owed to existing customers:

He used the investors' retirement savings to conduct a Ponzi scheme.

(Definition of “Ponzi scheme” from the Cambridge Business English Dictionary © Cambridge University Press)