How to Use Ponzi scheme in a Sentence

Ponzi scheme

noun

• One is the Ponzo illusion (not to be confused with a Ponzi scheme, which is a financial illusion).
  — Phil Plait, Scientific American, 18 Oct. 2024
• Al Pacino has opened up about having to make drastic career changes at one point in his life after losing all his money in a Ponzi scheme.
  — Carly Thomas, The Hollywood Reporter, 17 Oct. 2024
• What clients, online sleuths and ultimately law enforcement found was essentially a Ponzi scheme, prosecutors said.
  — Terry Castleman, Los Angeles Times, 11 Oct. 2024
• The Ponzi scheme was among a number of scams Hill carried out prior to the show.
  — Jason Green, The Mercury News, 17 Apr. 2024
• Now, the investors fear they've been swindled as part of alleged Ponzi scheme.
  — Alexandria Burris, The Indianapolis Star, 5 Feb. 2024
• The plan backfired, because Wilpon was investing in Bernie Madoff’s Ponzi scheme.
  — Jack Harris, Los Angeles Times, 19 Dec. 2023
• Law, who compares play-to-earn to a Ponzi scheme, has recently followed the footsteps of other Web3 games to shift to the mushier play-and-earn narrative.
  — Zinnia Lee, Forbes, 22 Mar. 2023
• Instead, existing investors were paid with money from new clients — a classic Ponzi scheme.
  — Michelle Singletary, Washington Post, 3 Feb. 2023
• More recently, he was accused of criminal theft and fraud via a Ponzi scheme used to allegedly rip off the elderly to fund his lifestyle.
  — Jessica Bennett, VIBE.com, 15 Aug. 2024
• By the end of the year, Bernie Madoff’s Ponzi scheme had unravelled, leaving investors some sixty-five billion dollars poorer.
  — Ben Taub, The New Yorker, 27 Feb. 2023
• In a Ponzi scheme, money provided by new investors is used to pay high returns to early-stage investors to suggest the enterprise is prosperous.
  — Lisa Rathke, Quartz, 29 Mar. 2024
• The exchange rate of the lira to the dollar was slipping on the black market; for years Lebanese banks had been offering unreasonably high interest rates to attract dollars in what many have described as a Ponzi scheme.
  — Ursula Lindsey, The New York Review of Books, 27 July 2023
• All of which began to sound to me like a Ponzi scheme, a form of fraud in which belief in the success of a bogus enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
  — Chicago Tribune, 17 Feb. 2023
• There are echoes of Linda’s fake investment company’s Ponzi scheme in the Graceland scam, but no evidence tying her to the Naussany foreclosure caper.
  — Jon Schuppe, NBC News, 14 June 2024
• Before the most celebrated crypto-exchange was revealed to be a massive Ponzi scheme run by a privileged polycule of twentysomethings.
  — Scott W. Stern, The New Republic, 6 Feb. 2023
• Critics call the digital money a giant Ponzi scheme, which benefits no one except criminals.
  — Laurent Belsie, The Christian Science Monitor, 16 Sep. 2024
• There were other investigations German hadn’t completed when he was murdered, including one about a Ponzi scheme.
  — Seyward Darby, Longreads, 7 Feb. 2023
• Authorities said Carton and a co-conspirator were involved in a Ponzi scheme, taking nearly $5 million from investors with the promise their money would be used to buy and resale concert tickets.
  — Scooby Axson, USA TODAY, 15 June 2023
• His first case involved a real estate Ponzi scheme, and his second case stemmed from additional fraud Weinstein committed while on pretrial release.
  — Aaron Katersky, ABC News, 19 July 2023
• Prosper was selling more royalty shares on its wells than could mathematically exist, and May was mostly paying investors out of the pool of other people’s investments—a classic Ponzi scheme.
  — Charles Bethea, The New Yorker, 3 July 2024
• As news that Madoff’s high-flying money management business apparently was nothing more than a Ponzi scheme made its way around Wall Street, the near-universal reaction was utter disbelief.
  — Elvia Limón, Los Angeles Times, 29 June 2023
• Aequitas was not a Ponzi scheme, his attorneys still argue, but rather a legitimate finance company that ran into a serious liquidity issue.
  — Jmanning, oregonlive, 6 Sep. 2023
• Girardi is under federal indictment in two jurisdictions — L.A. and Chicago — for allegedly embezzling $18 million from clients in what prosecutors have described as a decades-long Ponzi scheme involving settlement money.
  — Matt Hamilton, Los Angeles Times, 13 Sep. 2023

Last Updated: 17 Dec 2024