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Kind of scheme Crossword Clue

5 letters · New York Times · Wednesday, January 20, 2021 · 1-Down

Appeared in 4 New York Times Crosswords between November 2010 and January 2021.

Exact puzzle match · New York Times · January 20, 2021 · 1-Down · 5 letters

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What does this clue mean?

Pertaining to a scheme whereby investors' returns are paid for directly by later investors' investments, giving the false impression that the investment is viable.

adj

WordNet® (Princeton University)

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Kind of scheme Crossword Clue (5 Letters) | CrosswordAlly