Fraudster prosecuted reportedly (5)

I believe the answer is:

pseud

I'm a little stuck... Click here to teach me more about this clue!

'fraudster' is the definition.
I can't tell whether this definition defines the answer.

'prosecuted reportedly' is the wordplay.
'prosecuted' becomes 'sued' (I've seen this in another clue).
'reportedly' shows a homophone (sound like).
'sued' sounds like 'PSEUD'.

Can you help me to learn more?

(Other definitions for pseud that I've seen before include "Pretentious person (colloq.)" , "Pretentious sort" , "pretentious woman" , "Pretender - fraud" , "Pretentious type" .)

I've seen this clue in The Times.

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