No, a ponzi scheme is very specifically defined as an "investment fraud that pays existing investors with funds collected from new investors." (https://www.inve

No, a ponzi scheme is very specifically defined as an "investment fraud that pays existing investors with funds collected from new investors." (https://www.investor.gov/introduction-investing/investing-basics/glossary/ponzi-schemes https://www.investor.gov/introduction-investing/investing-ba...) A common part of the scheme is to promise high returns with little to no risk.