To be frank, I seriously doubt if Madoff set out, with malice aforethought, to defraud anyone.
After all, if a broker defrauds sophisticated investors, it might also defraud unsophisticated investors.
"Thou didst endeavour to defraud the State for purposes of thine own," interposed the praefect calmly.
Think about what the Bible says about those who defraud the widow and orphan.
Is it any fault of mine that Madame d'Argeles is a Chalusse, and that she wishes to defraud me of my fortune.
If I were going to defraud anyone, it wouldn't be a poor mechanic.
Even Silas Deane, though he attempted to defraud, did not betray.
Otherwise I should defraud the public and ruin my practice at the same time.
To defraud, to cheat, to wrong, had at one time been most abhorrent to her nature.
She received it as a tribute that was due, and of which none dared to defraud her.