Crossword Solver > found answer > PONZISCHEME

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ponzischeme

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The answer PONZISCHEME has 3 possible clue(s) in existing crosswords.

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The word PONZISCHEME is NOT valid in any word game. (Sorry, you cannot play PONZISCHEME in Scrabble, Words With Friends etc)

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Definitions of ponzischeme in various dictionaries:

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Possible Crossword Clues
Con
Certain swindle
Source of false returns

Last Seen in these Crosswords & Puzzles
Mar 23 2012 New York Times
Jan 1 2012 The Washington Post
May 9 2006 Universal

Ponzischeme might refer to
A Ponzi scheme (; also a Ponzi game) is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of apparent profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own, and there continues to be new investors willing to contribute new funds. * The scheme is named after Charles Ponzi, who became notorious for using the technique in the 1920s. The idea had already been carried out by Sarah Howe in Boston in the 1880s through the "Ladies Deposit". Howe offered a solely female clientele an 8% monthly interest rate, and then stole the money that the women had invested. Howe was eventually discovered and served three years in prison. The Ponzi scheme was also previously described in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each feature such a scheme), was carried out in real life by Ponzi, and became well known throughout the United States because of the huge amount of money he took in. Ponzi's original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and himself.

Ponzischeme might refer to

A Ponzi scheme (; also a Ponzi game) is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of apparent profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own, and there continues to be new investors willing to contribute new funds.
* The scheme is named after Charles Ponzi, who became notorious for using the technique in the 1920s. The idea had already been carried out by Sarah Howe in Boston in the 1880s through the "Ladies Deposit". Howe offered a solely female clientele an 8% monthly interest rate, and then stole the money that the women had invested. Howe was eventually discovered and served three years in prison. The Ponzi scheme was also previously described in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each feature such a scheme), was carried out in real life by Ponzi, and became well known throughout the United States because of the huge amount of money he took in. Ponzi's original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and himself.

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