The term GRIFTS is related to SCAMS, which is a five-letter word. GRIFTS are fraudulent schemes or activities that involve the transfer of money or goods from one person to another with the intention of deceiving the recipient. These activities are often perpetrated by criminals who use deception and manipulation to take advantage of unsuspecting victims. The most common types of grifts include pyramid schemes, Ponzi schemes, and other forms of fraud.