Crossword Genius

Frightening person damaged money-bag (8)

Ross

I believe the answer is:

bogeyman

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'frightening person' is the definition.
The answer and definition can be both people as well as being singular nouns.
Perhaps there's an association between them I don't understand?

'damaged money-bag' is the wordplay.
'damaged' indicates an anagram.
'money'+'bag'='moneybag'
'moneybag' anagrammed gives 'BOGEYMAN'.

Can you help me to learn more?

(Other definitions for bogeyman that I've seen before include "Dreadful imaginary being" , "Imaginary evil spirit, used to frighten children" , "devil" , "Evil spirit frightening children" , "Spectre terrifying to children" .)

I've seen this clue in The Sun.
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