defrauded

In Madoff's case there was an additional issue - the people he defrauded were mostly wealthy and powerful.

Not only he defrauded the backers but he also removed all trace of the scam from the internet.

But they deserve being hunted down by lynch mob of defrauded cheaters for that removal fee extortion.

Even if someone gets proof you defrauded everyone no single party has the leverage to stand up for themselves.

Somebody has convinced you that you know what you are talking about, and that person has, unfortunately, defrauded you.

Anecdotally, the only time I have ever been defrauded of money was when my debit card was skimmed.

Despite millions of pages of regulations, people are still being injured, killed or defrauded.

I'd like the fine to be in the form of refunding affected customers for the period they were defrauded.

The response wouldn't have been close to this had the criminal defrauded e.g.

The only way things are going to change is for people to realize they have absolutely no responsibility for a third party being defrauded.

If market participants assume that there is no fraud or that fraud will be prosecuted by central authorities, they will be more easily defrauded.

If he is 'losing' that much then he defrauded his own customer/partner.