madoff scheme 

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.

madoff scheme by kajoe June 29, 2009

Madoff scheme 

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.

Madoff scheme by Apollo Jefferson July 16, 2011