Ponzi scam
A fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment.

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  • Ponzi Scheme — A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This scam actually yields the promised returns to earlier investors, as… …   Investment dictionary

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  • Ponzi scheme — investment scam by which early investors are paid off from the contributions of later ones, 1957, in reference to Charles Ponzi, who perpetrated such a scam in U.S., 1919 20 …   Etymology dictionary

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  • Charles Ponzi — This article is about the businessman. For the fraudulent business scheme named after him, see Ponzi scheme. Charles Ponzi Ponzi in 1920 Born March 3, 1882(1882 03 03) Lugo, Italy …   Wikipedia

  • Welsh Thrasher faith scam — The Welsh Thrasher faith scam was a scam that appears to have targeted people of faith.It offered the marks or targets a combination of a tax avoidance entity (a corporate sole) and a high return investment program or deposit in a fictitious bank …   Wikipedia

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