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Same as Larceny or fraud. Scammed noun 1. the wrongful taking and carrying away of the personal goods of another from his or her [possession] with intent to convert them to the taker's own use. Howard "[The Professor]" Lederer was the owner of Full Tilt poker who ran a Ponzi scheme and stole Millions of Dollars from thousands of people. He also said on the 2010 season of Poker after dark that he would like to be in the [Urban Dictionary] for his mistakes.
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