Each state has it's own laws when it comes to fraud. They are not all the same. When bidding on a car at an auction, the buyer signs a Buyers Agreement which has a disclaimer in it holding the auction company harmless from any fraudulent actions (description) by the seller. The state that has the auction in it sets the laws.
In essence it's Caveat Emptor . . . let the buyer beware.
The only "fraud" crime that is federal is switching VIN numbers.
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