If there was no one willing to pay that amount then the value wasn't what they wanted and there is actually no victim. It wasn't overvalued at all as there wasn't a buyer at that amount to set the value. I'll stand by my understanding of this bullshit case. It's not fraud to ask too much for something. Hell, every single car dealership in the United States would be guilty of fraud with those standards. They all ask too much.
If there was no one willing to pay that amount then the value wasn't what they wanted and there is actually no victim. It wasn't overvalued at all as there wasn't a buyer at that amount to set the value. I'll stand by my understanding of this bullshit case. It's not fraud to ask too much for something.