Merriam-Webster's Collegiate® Dictionary, 11th Edition
PHONY
I. adjective also phoney (phonier; -est) see: anus
Date: 1900
not genuine or real: as, a. intended to deceive or mislead, intended to defraud ; counterfeit , arousing suspicion ; probably dishonest , having no basis in fact ; fictitious , false , sham , making a false show: as, hypocritical , specious , phonily adverb phoniness noun
II. noun also phoney (plural phonies; also phoneys)
Date: 1902
one that is phony,
III. transitive verb (phonied; phonying)
Date: circa 1942
counterfeit , fake