Cryptic crossword clue
Last bit of fraud uncoils mess

The most common and most likely answer to this crossword clue is the 10 letter word CONCLUSION

I've seen this crossword clue in The Guardian
C
O
N
C
L
U
S
I
O
N

Buddy explains!

The straight part
We know that "Last bit" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case last bit = conclusion.
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 CONCLUSION mean?

CONCLUSION noun
  1. The end, finish, close or last part of something.
  2. The outcome or result of a process or act.
  3. A decision reached after careful thought.
  4. In an argument or syllogism, the proposition that follows as a necessary consequence of the premises.
  5. An experiment, or something from which a conclusion may be drawn.
  6. The end or close of a pleading, e.g. the formal ending of an indictment, "against the peace", etc.
  7. An estoppel or bar by which a person is held to a particular position.

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