"American Hustle" is a 2013 American film that has been picking up several gongs in the 2014 award season. The story is a loose retelling of what is known as the "Abscam" scandal from the 1980s, a sting operation that led to the fall of several important American politicans.
The name "Abscam" comes from the fictional front company used for the operation: originally, it referred to its nationality, but later it was revised to refer to its name. What name or nationality?
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The frontman was a Arab firm called Abdul Enterprises, so "Abscam" stood for "Arab Scam" or "Abdul Scam".
More here, but you should probably watch the movie before you read it.