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Definitions from the Web

Ponzi Scheme

Definition:

A Ponzi scheme is a fraudulent investment operation where the operator pays returns to its investors from new capital paid by new investors, rather than from profits earned through legitimate sources.

Parts of Speech:

• Noun

Senses:

1. A fraudulent investment operation
2. A form of fraud
3. A pyramid scheme

Usages:

Popular Usage:

Many people fell victim to the famous Ponzi scheme operated by Charles Ponzi himself.

Local Usage:

In our local community, there has been a rise in the number of Ponzi schemes targeting unsuspecting investors.

Sample Sentences:

1. John lost his life savings after investing in a Ponzi scheme.
2. The court convicted the mastermind behind the Ponzi scheme and sentenced him to 10 years in prison.
3. Investors should be cautious and conduct thorough research before investing in any opportunity to avoid falling victim to a Ponzi scheme.

Related Products:

You can explore books on investment fraud and Ponzi schemes available on Amazon: