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Is there a word for a person who became rich by cheating others? I want to use it in formal language.

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closed as not constructive by FumbleFingers, Gnawme, Mehper C. Palavuzlar, Mahnax, Irene Jan 25 '12 at 10:30

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There will be a lot of words, none of which will be the correct answer. Voting to close as "not constructive". –  FumbleFingers Jan 25 '12 at 4:30
    
cheater--->swindler –  Theta30 Jan 25 '12 at 4:32
    
these words donot tell the person has become rich by cheating others I believe –  Balaswamy vaddeman Jan 25 '12 at 4:34
    
In UK English, many people will understand calling someone a Rachman to mean the person is being compared to "Britain's worst landlord", who became rich by charging extortionate rents (effectively, cheating his tenants). –  FumbleFingers Jan 25 '12 at 5:12
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'robber baron' is one kind. –  Mitch Jan 25 '12 at 12:31