Comment by rcxdude

I think it's easy to think that the name is somehow descriptive of the mechanics of the scam (which tends to be how scams are named). But in this case it's more about the payout patterns. It is usually a relationship/investment scam, i.e. one where the victim is conned into believing they've formed a close relationship with a wealthy individual, who then offers them investment advice, pointing them towards a fake investment app.