Yes, phony is in the scrabble dictionary

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Phony Definition

noun

An impostor; a hypocrite.
from The American Heritage Dictionary of the English Language, 4th Edition
One who is insincere or pretentious.
from The American Heritage Dictionary of the English Language, 4th Edition
Something not genuine; a fake.
from The American Heritage Dictionary of the English Language, 4th Edition
One that is phony.
from Free Scrabble Dictionary

adjective

False; spurious: a phony name.
from The American Heritage Dictionary of the English Language, 4th Edition
Giving a false impression of truth or authenticity; specious.
from The American Heritage Dictionary of the English Language, 4th Edition
Insincere or hypocritical.
from The American Heritage Dictionary of the English Language, 4th Edition
Not genuine or real; counterfeit: a phony credit card.
from The American Heritage Dictionary of the English Language, 4th Edition
Not honest or truthful; deceptive: a phony excuse.
from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points

Points

phony

13

2 letter words with PHONY

Points

ho

5

yo

5

po

4

no

2

oy

5

oh

5

on

2

op

4

3 letter words with PHONY

Points

yon

6

poh

8

pho

8

noh

6

hyp

11

hoy

9

hop

8

hon

6

4 letter words with PHONY

Points

hypo

12

phon

9

pony

9

5 letter words with PHONY

Points

phony

13

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