The foundation of our community is built on trust. We are lucky in that our hobby is limited in so far as the high end audio community is limited. Having had the opportunity to participate I have found, as most of us have, that my 9/10 is another participants 10/10 and that, for the most part, the descriptions of products that I have purchased or traded for are within a reasonable variance of their stated descriptions.
As far as outright lying is concerned, this should be first verified, then the participant should be given an opportunity to retract his or her statements or reconfigure price on the product to bring it in line with the actual condition of the component. If no solution is found, then it should be reported in negative feedback in the individual's my feedback section. I have sold equipment to people who immediately list it for a higher price than I sold it at. This does not bother me because I was satisfied with my deal, or I would not have completed the transaction. That is different from outright lying, assuming that their is no outright lying in the new sellers advertisement.
As far as outright lying is concerned, this should be first verified, then the participant should be given an opportunity to retract his or her statements or reconfigure price on the product to bring it in line with the actual condition of the component. If no solution is found, then it should be reported in negative feedback in the individual's my feedback section. I have sold equipment to people who immediately list it for a higher price than I sold it at. This does not bother me because I was satisfied with my deal, or I would not have completed the transaction. That is different from outright lying, assuming that their is no outright lying in the new sellers advertisement.