Pete, there is a system in place. It's called SafeHarbor, and the staff would probably resent your suggestion that they do not exist. SafeHarbor ends auctions every day, and cooperates fully with appropriate authorities in combating fraud within their venue.
The real problem is that they simply do not operate in a way that satisfies you.
Murder is a crime in this country, and every day, murders are convicted and imprisoned, and every day murderers are set free. It's one thing to say we have no criminal justice system, it's another thing to say our system is imperfect.
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