Definition, Meaning & Synonyms
suspected-fraud
Noun
/səˈspɛktɪd frɔd/
Definition
A term used to describe a situation or case where there is a belief or allegation that fraudulent activity has taken place, but it has not yet been proven.
Examples
- The accountant reported the suspected fraud to the authorities after noticing irregularities in the financial statements.
- During the audit, they discovered several instances of suspected fraud that needed further investigation.
- She was arrested for suspected fraud after several customers complained about her business practices.
Meaning
Suspected fraud refers to the suspicion or indication that someone has engaged in deceptive practices for personal or financial gain.
Synonyms
- Alleged fraud
- Questionable conduct
- Fraudulent activities
- Deceptive practices
