Thought fraud team got embarrassed (10)
I believe the answer is:
considered
'thought' is the definition.
(considering is a kind of thinking)
'fraud team got embarrassed' is the wordplay.
'fraud' becomes 'con' (con is a kind of fraud).
'team' becomes 'side' (both can mean a sports team).
'got' is a charade indicator (letters next to each other).
'embarrassed' becomes 'red' (someone may blush or go red when embarrassed).
'con'+'side'+'red'='CONSIDERED'
(Other definitions for considered that I've seen before include "Believed to be" , "Looked at" , "respected" , "Thought carefully about" , "Deliberated" .)