"swindling," 1889, American English, from confidence man (1849), from the many scams in which the victim is induced to hand over money as a token of confidence. Confidence with a sense of "assurance based on insufficient grounds" dates from 1590s.
a slang or colloquial shortening of various nouns beginning in con-, e.g., from the 19th century, confidant, conundrum, conformist, convict, contract, and from the 20th century, conductor, conservative.