Ponzi Scheme
Legal definition for Indian law research
Definition
Ponzi scheme
[Charles A. Ponzi (ca. 1882-1949), Italian-born American swindler]
: an investment swindle in which early investors are paid with sums obtained from later ones in order to create the illusion of profitability
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.