Cryptic crossword clue
Stupid people chat about ill-gotten gains 7

The most common and most likely answer to this crossword clue is the 7 letter word GALOOTS

I've seen this crossword clue in The Daily Telegraph
G
A
L
O
O
T
S

Buddy explains!

The straight part
We know that "Stupid people" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case stupid people = galoots.
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 GALOOTS mean?

GALOOTS noun
  1. A clumsy or uncouth person.

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