The word 'defrauding' is correct and usable in written English.
It is a verb and it means to illegally obtain money, property, or services by using deception or trickery. Example: The businessman was arrested for defrauding his investors of millions of dollars through false financial reports.
For example, where one party obtains property from another by making fraudulent representations, the defrauding party is frequently required to hold the property in trust for the defrauded party.
Alex Hope, the former Wembley stadium catering manager who reinvented himself as a day-trading currency markets expert, has been found guilty of defrauding investors out of £5m to help fund a lavish lifestyle.
Several people close to Navalny have faced prosecution, including his brother Oleg, who is serving a three and a half-year prison sentence after the pair were convicted in December of defrauding French cosmetics company Yves Rocher.
But member states bring fewer than ten cases each a year for defrauding the EU, and sentences tend to be light.According to the FLARE Network, an international group of campaigners against organised crime, criminal groups in Italy make around €14 billion a year from being mixed up in agriculture.
They stole $100m and hid $2 billion in corporate debt, thus looting and defrauding shareholders.As tough as Mr Rigas senior's sentence was, the district judge, Leonard Sand, said that it would have been longer but for his age (80) and health (not good).
The top 50 hedge-fund managers earned a combined $29 billion.The co-founder of Bayou Management, a bankrupt hedge fund, was sentenced to 20 years in prison for defrauding investors and ordered to pay $300m in restitution, one of the most severe sentences ever handed down in America for white-collar crime.
On Friday April 16th America's Securities and Exchange Commission SECC) filed civil charges against Goldman Sachs and one of its vice-presidents, Fabrice Tourre, for allegedly defrauding investors by failing to disclose vital information about a financial product linked to subprime mortgages, as America's housing market was starting to wobble.
Mr Landis and American prosecutors have charged him with defrauding America's postal service, which sponsored him for years.Speaking to Mr Gibney earlier this year, Mr Armstrong looks tired.
On November 3rd the world's oldest insurance market was found not guilty of defrauding 230 "names", or private investors, who claimed to have been misled about the extent of impending claims related to asbestos-linked diseases when they decided to join Lloyd's.But Lloyd's can hardly afford to rest on its laurels.
Most of the guilty have been defrauding budgets and marking up the value of government contracts.Money-politics now seems to be endemic.
Britain's chancellor imposed a supertax on bankers' bonuses in Britain.Bernie Madoff received a 150-year jail sentence for defrauding clients of $65 billion in his Ponzi scheme.
