Ponzi: Meaning and Definition of

Pon•zi

Pronunciation: (pon'zē), [key]
— n.
  1. a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks. Also called
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
pony truss poobah
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