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exit scam

From Wiktionary, the free dictionary

English

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EnglishWikipedia has an article on:
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Noun

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exitscam (pluralexit scams)

  1. Aconfidence trick where anestablished (usuallyillegal)business stopsshippingorders while continuing toreceivepayments because of its previously goodreputation, and thenabsconds with the money.

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