He obviously thinks he's really smart, but to me the serial number phraseology 
suggests that the plate on the chassis may or may not be the one that was on it 
when it left the factory.
  Used car salesmen have been known to switch them around, and that seems to be 
where his business model comes from. There's a big UK based camera dealer with 
the same 'ethics' - Presumably e-bay/Paypal make too much money out of them to 
care about their own reputation.

                
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