The practice of intentionally deceiving or misleading a person or business that leads to financial gain is called?

The practice of intentionally deceiving or misleading a person or business for financial gain is known as fraud. Fraud encompasses a variety of illicit activities where one party seeks to gain an unfair advantage or profit at the expense of another. It can take many forms, including but not limited to, false representation, concealment of information, and manipulation of facts.

For businesses, fraud may manifest in areas such as financial reporting, where a company misrepresents its income or financial position to deceive investors or regulators. In personal contexts, it could involve scams that trick individuals into giving away money or personal information. Fraud is illegal and is subject to civil and criminal penalties. Different jurisdictions have specific laws and regulations to combat fraud, highlighting its seriousness in both personal and commercial contexts.