Sit On It, Ponzi

Pon·zi scheme NOUN: An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones. ETYMOLOGY: After Charles Ponzi (1882?-1949), an Italian-born speculator who organized such a scheme (1919-1920) _______________________________________________________ “Ponzi scheme” is a term we’ve heard a lot lately, having been given rebirth from the lips of Texas Governor Rick Perry during the Republican debates. Perry related the term to Social Security, indicating that those 70-year-old programs …


This content is reserved for Insiders – readers who subscribe to
PRB (Parks & Rec Business) or Camp Business magazines.

Click here to log in or subscribe
for FREE and receive a FREE Insider account.

For questions or help logging in, call 866-444-4216. Office hours are 7:30 a.m. to 4:30 p.m., Monday through Friday, Eastern Standard

Leave a Reply

Your email address will not be published. Required fields are marked *


HTML tags are not allowed.