a confidence game or sleight-of-hand swindle whereby cash is extracted from the victim as collateral for a supposed share in a large sum of discovered money, dishonest profits, or gambling winnings, which in fact are nonexistent.

noun phrase

A swindle in which the confidence man tells the victim that he has found a large amount of money that he will share if the victim proffers money as a show of good faith (1937+ Underworld)


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