Use context clues or a dictionary to select the best definition for use of frauds.

Fraud is understood as the crime by which a person is deceived, either through the induction of error, such as through the presentation of false files or lies regarding apparent facts or qualities, to obtain from said person a benefit, or to harm it directly or indirectly.

Colloquially, fraud is called any person or situation that is based on a lie or a falsehood, without it being necessary that this situation constitutes a crime. However, in the legal sphere, the concept of fraud implies an illegitimate advantage or unjustified damage to a third party.

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