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.

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.

by Apollo Jefferson July 15, 2011