Cryptic crossword clue
Girl involved in fraud losing it, down the social ladder 8

The most common and most likely answer to this crossword clue is the 8 letter word DECLASSE

I've seen this crossword clue in The Times
D
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The straight part
We know that "down the social ladder" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case down the social ladder = declasse.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does DECLASSE mean?

DECLASSE adjective
  1. Degraded from one's social class.

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