Fraudulent Scheme (Noun)
Meaning
An illegal enterprise (such as extortion or fraud or drug peddling or prostitution) carried on for profit.
Classification
Nouns denoting acts or actions.
Examples
- A group of individuals were arrested for their involvement in a large-scale fraudulent scheme that included money laundering and identity theft.
- The authorities were able to dismantle a sophisticated fraudulent scheme that had been operating undetected for years, scamming investors out of millions of dollars.
- The company's managers were accused of running a fraudulent scheme that artificially inflated the value of the company's stock to reap financial benefits.
- The investigation revealed that the charity was actually a front for a fraudulent scheme to embezzle donations and fund personal expenses.
- The scammer's use of fake personas and forged documents helped to keep the fraudulent scheme under wraps until a tip led to the arrest of those involved.