Top Definition
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.
Man, I logged on to Full Tilt poker to withdraw my funds and found that I can't get my money. I got lederer'd.

Did you hear about the giant Lederer that Bernie Madoff pulled?
by Lemans455 November 20, 2012

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