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(finance) Pertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable. quotations examples
Officers, who say he [Kautilya Nandan Pruthi] was Britain's most prolific Ponzi fraudster "by some way", fear that only around £2m will be returned to his victims.
2012 March 8, “Fraudster jailed for Britain's biggest Ponzi scam”, in The Guardian
plural Ponzis
A Ponzi scheme. quotations examples
To be fair, degenerate gambling and poorly designed Ponzis have consumed some corners of the crypto market, […]
2003, Ben Armstrong, Catching Up to Crypto, page 67