Fraud by failing to disclose information

Fraud by failing to disclose information occurs when someone intentionally withholds important facts to deceive another party. This lack of disclosure creates a false impression, leading the other person to make decisions based on incomplete or misleading information. Such concealment is considered fraudulent because it breaches the duty of honesty and transparency, potentially causing financial or personal harm. Essentially, it involves intentionally hiding relevant details to gain an unfair advantage or avoid obligation, undermining trust and fairness in transactions or negotiations.