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warshawlawand don't have a cognizable legal right to have (i.e., an option to purchase or a contract of purchase that has yet to be completed by delivery) is fraudulent.
Offering to sell an item you have a legal right to own (i.e., you have purchased it or have an option to purchase but don't yet have on hand) is good business and commonplace.
Buying an item low to sell higher is capitalism at its best.