The Collaborative International Dictionary of English v.0.48:
phoney \pho"ney\ (f[=o]"n[=e]), a. [Also spelled phony.]
   [Compar. phonier; superl. phoniest.]
   1. Imitating something superior; intended to deceive;
      fraudulent; having a misleading appearance; not genuine;
      false; counterfeit; fake; as, a phoney diamond; a phoney
      hundred-dollar bill.
   Syn: bogus, counterfeit, fake, ersatz; fraudulent; false.
        [PJC]
   2. Pretending to be other than one is; putting on false
      appearances; insincere; hypocritical; -- of people.
      [PJC]
The Collaborative International Dictionary of English v.0.48:
phony \pho"ny\ (f[=o]"n[=e]), a. [Also spelled phoney.]
   [Compar. phonier; superl. phoniest.]
   1. imitating something superior; intended to deceive;
      fraudulent; having a misleading appearance; not genuine;
      counterfeit; fake; as, a phony diamond; a phony
      hundred-dollar bill.
   Syn: phoney, bogus, counterfeit, fake.
        [PJC]
   2. Pretending to be other than one is; putting on false
      appearances; insincere; hypocritical; -- of people.
      [PJC]