What does the cryptic crossword clue "Officially approved scheme ultimately run by mob (8)" mean?

The definition is "Officially". The wordplay uses a charade (building blocks). STAMPED (synonym="officially approved") + E (synonym="last letter of [ultimately] SCHEM E") = STAMPEDE The answer is STAMPEDE.

Officially approved scheme ultimately run by mob (8)

Independent Cryptic #11628 | 16 Down | 2024-01-17 flower

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