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
1 more definition
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