1. A business venture, project, or enterprise carried out with deliberate deception or dishonesty intended to gain unlawful advantage
The investment scheme was exposed as a fraudulent undertaking designed to steal from unsuspecting investors.
O esquema de investimento foi exposto como um empreendimento fraudulento projetado para roubar de investidores desavisados.
2. Any commitment or promise made with intent to deceive or misrepresent facts for personal gain
The company's expansion plan turned out to be a fraudulent undertaking from the start.
O plano de expansão da empresa se mostrou um empreendimento fraudulento desde o início.