Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of S
Scam
A scam is a planned out fraudulent scheme (a con man's plan) to cheat, deceit, swindle or defraud a person. Scam is a slang term for fraud, fraudulent business scheme, confidence game or confidence trick. Anyone can be a scammer or con artist, and anyone can be a victim of a scam.
Scams are preformed by individuals who trick or con you into trusting them, making you believe that something false is real. They fool you. Scammers do this for their own personal gain (or to damage another individual), usually to obtain money, objects, property or services illegally. More about SCAMS & FRAUDS and Consumer Abuse
Example:
Home Improvement - Some individuals posing as home repair specialists are simply con artists looking for easy money, making homeowners victims of poor, overpriced, or never-completed work.
Similar Words
Grift
Con game
Deception
Gaffle
Dirty pool
Shakedown
Rip-off
Snow job
Double-cross
Bunco
Double-dealing
Flim-flam
Crooked deal
Fast one
Hosing
Racket
Shady deal
Hoax
Sham
Hustle
Shell game
Extortion
Sucker game
Fraud
Sting
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