Definition
Fraud in fact refers to intentional deceit where someone knowingly makes a false statement or conceals information with the intent to deceive. It requires proving that the person acted deliberately to mislead others. Think of it like lying about your gaming skills to get into a competitive team; you know you're not as good as you claim to be. It's the essence of fraud β a deliberate misrepresentation. Itβs not just an honest mistake; itβs a calculated attempt to deceive for personal gain.