Final answer:
Intelligence is the least important element of fraud, as deception, confidence, and trickery play more significant roles in committing fraudulent activities.
Step-by-step explanation:
Out of the given options, intelligence is the least important element of fraud. While deception, confidence, and trickery are all integral parts of committing fraud, intelligence is not as crucial. Fraudsters primarily rely on deceit, manipulation, and creating a false sense of trust to carry out fraudulent activities rather than intelligence alone.