Crossword Genius

Fail to see accurately (with swindle involved)? (11)

Ross

I believe the answer is:

misconstrue

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'fail to see accurately with swindle involved?' is the definition.
I can't tell whether this definition defines the answer.

'fail to see accurately with swindle' is the wordplay.
'fail to see' becomes 'miss' (I've seen this before).
'accurately' becomes 'true' (I can't justify this - if you can you should believe this answer much more).
'with' means one lot of letters goes inside another.
'swindle' becomes 'con' (synonyms).
'miss'+'true'='misstrue'
'misstrue' enclosing 'con' is 'MISCONSTRUE'.

Can you help me to learn more?

(Other definitions for misconstrue that I've seen before include "get the wrong idea" , "Put wrong interpretation on" , "Wrongly get hold of" , "Wrongly interpret" , "Take the wrong way" .)

I've seen this clue in The Times.
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