[quote name='MorPhiend'][quote name='javeryh'][quote name='MorPhiend']Just because he puts some line hidden in the middle to "legally" cover himself, does not mean that this is not fraud.[/quote]
Fraud is a legal concept. If it is legally not fraud then it's not fraud at all - is there another type of fraud that I am not aware of?
The guy is obviously trying to take advantage of people who don't read the auction - this means he may be a dickhead but it doesn't mean that his actions are fraudulent.[/quote]
That's why the word "legally" is in quotes. It doesn't legally cover him. The point is that he deliberately misled people. He knew he was misleading, and if he didn't then he is dumber than the people he screwed. It is fraud.
You can steal someone's house keys, then rob them while they are not home. It is still breaking and entering. Why? Because the definition of B&E is: a trespass into an unoccupied structure to commit a theft or any other felony.
Do you want a definition of fraud now? Here's a list:
http://www.google.com/search?hl=en&lr=&safe=off&oi=defmore&q=define:fraud
Have fun.[/quote]
First of all, I don't understand the relevance of your breaking and entering example. Of course that is true but breaking and entering is a completely different crime/tort than fraud with different elements to prove so I don't see how that has any bearing on whether something is fraud or not.
Second, the only definition that might matter from your google list is this one: "A knowing misrepresentation made with intent of causing another to rely upon it to the latter's detriment" because it is closest to the legal definition of fraud. The others are everyday interpretations of the word which really don't matter in this analysis. What the seller did simply does not fit this definition.
You are confusing misrepresentation with misleading someone.
There was no misrepresentation here. The seller stated, in plain English, for all to read what he was selling. He didn't lie, exaggerate or misrepresent. He stated exactly what he was offering. Was it slightly misleading? Maybe - but so is every other advertisement, offer, solicitation or most anything else related to commercial transactions.
It is not for anyone (even the courts) to judge the value of a contract. Just because it looks like the buyer is getting ripped off to you or I doesn't mean something illegal took place. Who's to say that the buyer doesn't know exactly what he is getting? Maybe to be able to buy PSPs "cheaper" like the auction clearly states is of great value to this buyer because he plans on buying in bulk and making a profit. We don't know and the courts won't ask.
It is not fraud. Period.