Etymology
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scam

1963, noun and verb, U.S. slang, a carnival term, of unknown origin. Perhaps related to 19c. British slang scamp "cheater, swindler" (see scamp (n.)).

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Definitions of scam
1
scam (v.)
deprive of by deceit;
Synonyms: victimize / swindle / rook / goldbrick / nobble / diddle / bunco / defraud / mulct / hornswoggle / short-change / con
2
scam (n.)
a fraudulent business scheme;
Synonyms: cozenage
From wordnet.princeton.edu