Schwindelfreude unlike schadenfreude entails no absolute failure of empathy or compassion for one's fellow man.
The experience now called schadenfreude has been with us a long time and Aristotle uses the the term "epikhairekakia" for the pleasure derived from witnessing the dismal fortune of another.
The experience now called schwindelfreude appears to have passed unnoted by Aristotle. But as swindle and rip-off are an inevitable feature of human relationships that curious satisfaction which settles upon us as we process an account of the latest scam was probably just as well known to our ancestors.
Telegraph 06/01/2010 Comments "So the G spot doesn't exist after all? Thank God"