PONZI SCHEME
\pˈɒnzi skˈiːm], \pˈɒnzi skˈiːm], \p_ˈɒ_n_z_i s_k_ˈiː_m]\
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A scam which is usually carried out on the general public, by making returns of high promises in a shorter time period. It is primarily based upon paying off the early investors first and the long term liabilities later on. However, the system is susceptible to crash, and usually, the perpetrators abscond before that happens.
By Henry Campbell Black
