MLchartDataset catalogue

Ponzi scheme

Term · Law · MLC-T-LAW-003796

A fraudulent investment operation that pays returns to earlier investors with money taken from later investors. The scheme relies on a continuous flow of new money to sustain itself, rather than legitimate profits from business activities. Such schemes inevitably collapse when the inflow of new investments ceases or when a large number of investors attempt to withdraw their funds simultaneously.

Table 1. Record
IdentifierMLC-T-LAW-003796
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003796",
  "term": "Ponzi scheme",
  "field": "Law",
  "definition": "A fraudulent investment operation that pays returns to earlier investors with money taken from later investors. The scheme relies on a continuous flow of new money to sustain itself, rather than legitimate profits from business activities. Such schemes inevitably collapse when the inflow of new investments ceases or when a large number of investors attempt to withdraw their funds simultaneously.",
  "url": "https://mlchart.com/terminology/law/ponzi-scheme/"
}

Record 3,818 of 5,441 in Law terminology (MLC-0107). Request the full dataset.