ELI5: Explain Like I'm 5

Intrinsic fraud

Intrinsic fraud is when someone lies or cheats about something that is part of the core or essential part of a business or legal transaction. It's like playing a game of cards and someone cheats by sneaking extra cards into their hand. That's not just cheating, it's intrinsic fraud because it fundamentally changes the nature of the game. It can be very serious and can result in legal consequences, such as fines or even imprisonment. So remember, always play fair and never cheat, especially when it's intrinsic fraud!
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