an illegal pyramid selling plan which uses money from people who have just invested to pay people who have already invested, instead of using real profit to pay them
Synonyms and related words
The activity of selling
aftermarket
buyer’s market
call
Ponzi scheme
noun countable business
US /ˈpɑnziˌskim/
DEFINITIONS1
1
an illegal pyramid selling plan which uses money from people who have just invested to pay people who have already invested, instead of using real profit to pay them