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What is Understanding Fraud in Venezuelan Law about?

Article 464 of the Penal Code of Venezuela defines fraud as the act of deceiving another person to obtain an unjust profit, punishable by imprisonment for one to five years. The essential elements of fraud include the use of deceptive means, inducing error in the victim, and resulting in unjust enrichment at the expense of the victim. The victim, or passive subject, suffers financial harm due to the scammer

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