scam

[skam] noun, verb, scammed, scam·ming.
noun
1.
a confidence game or other fraudulent scheme, especially for making a quick profit; swindle.
verb (used with object)
2.
to cheat or defraud with a scam.

Origin:
1960–65; orig. carnival argot; of obscure origin

scam·mer, noun

scam, scan.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
scam (skæm) [Click for IPA pronunciation guide]
 
n
1.  a stratagem for gain; a swindle
 
vb , scams, scamming, scammed
2.  (tr) to swindle (someone) by means of a trick

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Scam is one of our favorite verbs.
So is hornswoggle. Does it mean:
to swindle, cheat, hoodwink, or hoax.
to expurgate (a written work) by removing or modifying passages considered vulgar or objectionable.
Etymonline
Word Origin & History

scam
1963, n. and v., U.S. slang, a carnival term, of unknown origin. Perhaps related to 19c. British slang scamp "cheater, swindler" (see scamp (n.)).
Online Etymology Dictionary, © 2010 Douglas Harper
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Slang Dictionary

scam definition

[skæm]
  1. n.
    a swindle; a hustle. : I lost a fortune in that railroad scam.
  2. tv.
    to swindle someone; to deceive someone. : They were scammed by a sweet-talking southern lady who took all their money.
  3. in.
    to seek out and pick up young women, said of males. (Collegiate.) : Bob was out scamming last night and ran into Clare.
  4. in.
    to copulate. : All you ever want to do is scam.
  5. in.
    to fool around and waste time. : Quit scamming and get busy.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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Example sentences
It's the oldest scam in movement building: tell people what they want and
  expect to hear and you will gain followers.
The ethanol projects are a scam to funnel money to agribusinesses.
It's legal, but it's a scam without any social benefits.
One thing that is notable: the next biggest scam is an order of magnitude less
  significant.
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