scam

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scammer

noun [ C ]

    informal

UK   /ˈskæm.ər/ US   /ˈskæm.ɚ/

someone who makes money using illegal methods, especially by tricking people:

  • Phishing is used by scammers to get bank account numbers, credit card details, etc.

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A scam, or confidence trick, is an attempt to defraud a person or group[clarification needed] after first gaining their trust. Confidence tricks exploit victims using a combination of the victim’s credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as “a distinctive species of fraudulent conduct … intending to further voluntary exchanges that are not mutually beneficial”, as they “benefit con operators (‘con men’) at the expense of their victims (the ’marks’)”.

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5 Ways Las Vegas Prostitutes Scam You
   

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Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful… that’s what matters to me.

— Steve Jobs 

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Snake oil

Snake oil is a term used to describe deceptive marketing, health care fraud,
or a scam. Similarly, “snake oil salesman” is a common expression used
to describe someone who sells, promotes, or is a general proponent of
some valueless or fraudulent cure, remedy, or solution. The term comes from the “snake oil” that used to be sold as a cure-all
elixir for many kinds of physiological problems. Many 19th-century
United States and 18th-century European entrepreneurs advertised and
sold mineral oil (often mixed with various active and inactive household herbs, spices, drugs, and compounds, but containing no snake-derived substances whatsoever) as “snake oil liniment”, making claims about its efficacy as a panacea. Patent medicines
that claimed to be a panacea were extremely common from the 18th
century until the 20th, particularly among vendors masking addictive
drugs such as cocaine, amphetamine, alcohol and opium-based concoctions or elixirs, to be sold at medicine shows as medication or products promoting health. 

Source: https://en.wikipedia.org/wiki/Snake_oil

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Snake oil, originally a fraudulent liniment without snake extract, has come to refer to any product with questionable or unverifiable quality or benefit. By extension, a snake oil salesman is someone who knowingly sells fraudulent goods or who is themselves a fraud, quack, or charlatan.