WOW! - week 8

Our Word of the week is
PONZI
This word is always used with the word "scheme"
A Ponzi Scheme is a type of illegal pyramid scheme where money from new investors is used to pay off earlier investors until the whole thing collapses.
It is named for Charles Ponzi who duped thousands of investors in the 1920s.
You can read all about it on the site of the U.S. Securities and Exchange Commission
http://www.sec.gov/answers/ponzi.htm