Meaning of SCAM in English

SCAM

I. ˈskam, -aa(ə)m, -aim noun

( -s )

Etymology: origin unknown

: a confidence scheme in which an established business is taken over, merchandise is purchased on credit and quickly sold, and then the business is abandoned or bankruptcy is declared ; broadly : a fraudulent or deceptive practice

insurance swindles, credit-card rackets, and practically every scam devised by man — Joe Flaherty

II. " transitive verb

( scammed ; scammed ; scamming ; scams -s )

1. : deceive : defraud

scams his senile grandmother out of $3 million — Jane Clapperton

2. : to obtain (as money) by a scam

• scam·mer -ə(r) noun slang

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.