ValueInvestorToday:
You proceed in your analysis without the necessary language tools or legal training to recognize the subtleties between various legally operative torts and the wide array of circumstances which could constitute legally operative fraud. Frankly, like a first day law student, you are ill-equipped to recognize subtleties of the application of distinct laws to varied circumstances. Next you will find this message frustrating or you will continue with your willful blindness.
By the way, by your standards, naked shorting is fraud. Would that make you a fraud too, Sir?
-Andrew