Synonyms of Ponzi scheme

Ponzi scheme

noun

as in pyramid scheme

Synonyms & Similar Words

• pyramid scheme
• shell game
• cross
• con
• racket
• scam
• fix
• swindle
• fraud
• bunko
• rip-off
• thimblerig
• sting
• scheme
• stratagem
• bunco
• flimflam
• hustle
• fiddle
• three-card monte
• device
• jig
• dodge
• ploy
• hoax
• gouging
• soaking
• forgery
• counterfeit
• gimmick
• phoney
• wile
• overcharging
• sleight
• fake
• trick
• sham
• phony
• humbug

Examples Sentences

Recent Examples of Ponzi scheme

Rodney Phelps, of Somerset, was sentenced to 108 months in prison and ordered to pay a restitution of more than $2.4 million after involvement in a Ponzi scheme in 2020. —Marina Johnson, The Courier-Journal, 13 Dec. 2024

Among them were: Gregory McKnight, 64, of Swartz Creek, who 13 years ago pleaded guilty to wire fraud as part of a $72 million Ponzi scheme, a term used for soliciting investments and promising high returns and then failing to invest the funds and pay off investors. —Todd Spangler, Detroit Free Press, 13 Dec. 2024

This is a common thread in stories like Enron, Elizabeth Holmes and Theranos, or Bernie Madoff’s Ponzi scheme. —Dr. Diane Hamilton, Forbes, 4 Dec. 2024

Prosecutors said Tuesday that after MJ Capital was shut down by the FBI and the Securities and Exchange Commission, Garcia, Ruiz Hernandez and others launched a new, similar Ponzi scheme in fall 2021. —Kevin Breuninger, CNBC, 3 Dec. 2024