Fraud, forgery, a financial planning scam at Australia's biggest bank that cost customers millions and a timid corporate watchdog that failed to act: These are some of the charges a powerful Senate committee has levelled against the Commonwealth Bank and the Australian Securities and Investment Commission (ASIC) that have led it to call for a royal commission into the scandal. (Aussie ABC)
If it said "planned scam" instead of "planning scam", I wouldn’t have asked this question, because a scam could be planned. I’m wondering how scam can be an agent. Does the phrase make sense in a way I'm not thinking of?