actual fraud

Actual fraud involves intentionally deceiving someone to gain an unfair or unlawful benefit, often resulting in financial loss for the victim. This deception can take various forms, such as lying, misrepresentation, or concealment of important facts, with the intent to persuade someone to make a decision or an action that they otherwise wouldn’t. For example, providing false information on a loan application or selling counterfeit products are instances of actual fraud. The key element is the intent to defraud—a deliberate act meant to deceive and manipulate another person or entity for wrongful gain.