Top Definition
Formerly known as a Ponzi scheme.
A lot of people lost their life savings in a Madoff Scheme. Too bad they didn't do their due diligence before handing over their money.
by kajoe June 29, 2009
An unusually large Ponzi scheme, such as the $50 billion scheme Bernie Madoff operated.
Madoff's Ponzi scheme was so large, we can't even call it a Ponzi scheme. We call that a Madoff scheme.
by Apollo Jefferson July 15, 2011
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