1 definition by Pseu D. Onym
see social security.
A scam involving paying off money to old investors with new investors' money. Eventally the last group of people paying into the scam never get their money back.
A scam involving paying off money to old investors with new investors' money. Eventally the last group of people paying into the scam never get their money back.
Bill: Hey Will, what's this line on my paycheck that says "Social security"?
Will: It's the government's ponzi scheme. You'll never see that money again.
Will: It's the government's ponzi scheme. You'll never see that money again.
by Pseu D. Onym October 9, 2010