verb (used with object)
to deprive of a right, money, or property by fraud: Dishonest employees defrauded the firm of millions of dollars.

1325–75; Middle English defrauden < Old French defrauder < Latin dēfraudāre, equivalent to dē- de- + fraudāre to cheat; see fraud

defraudation [dee-fraw-dey-shuhn] , defraudment, noun
defrauder, noun
undefrauded, adjective

bilk, swindle, fleece, rip off, gyp, rook, cheat. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
defraud (dɪˈfrɔːd)
(tr) to take away or withhold money, rights, property, etc, from (a person) by fraud; cheat; swindle

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

mid-14c., from O.Fr. defrauder, from L. defraudare (see fraud). Prefix de- used here in the sense of "thoroughly."
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
They are on trial charged with conspiracy to defraud and conspiracy to transfer
  criminal property.
It was not clear whether their hopes had been dashed by incompetence, or a
  conspiracy to defraud.
They might have been defrauded and still managed to defraud the end investor.
The practice may defraud shareholders, as well as altering the appropriate
  accounting and tax treatment of the option grants.
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