I would define a scam as a situation in which someone is deceived and taken advantage of financially. Usually this involves the person believing that they are receiving something of value in exchange for money, when in reality they receive something with little or no value.
S -ELF, SERVING , SCUM
Examples - 1. Federal Reserve Bank - pays the government printing office pennies on the dollar to print up billions in Federal Reserve "Notes" - "Promises to pay" - them - the face value of each note plus interest. Now that's the biggest scam of all. In other words we the people pay the fed to give us promises to pay them the face value of each note plus interest from nothing
This is a note MONEY. This is a loan based on your promise to pay it back to someone who just scams you
Misrepresentation - Appearing to be something you not. Showing and/or selling a service, or product of quality, then supplying an inferior, less quality product when actually purchased. The bottom line is to take someone's money or assets based on deceit.
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