fako

fako
 n.— «The usual method for working the “fako” is quite ingenious. The “faker” happens to be in front of a person on the street just at the right time to quietly drop the ring and then pick it up in a way that attracts the victim’s attention.» —“The ‘Faker’ Tribe” Chicago Tribune June 20, 1881. (source: Double-Tongued Dictionary)

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Further reading

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