I have had a few of these deals where Ebay caught on, and did the closing, and refunding before I realized something was amiss. Had one about a month ago, where shortly after I made the purchase, there was many giving negative feedbacks, saying the item never arrived, and the tracking showed it delivered to the wrong city/ state. I looked, and even asked on the Ebay forum, and found no way to report to ebay,. and get them a heads up that a big scam was going down. Still when I try to use the report item to ebay link on an add, I get a blank page. I saw trhis one on the 11th, and you could see the classical scam. The seller had 100% feedback, but all for small under $5 or so items, for over a year. Then on the 11th, they suddenly have several items that are a super bargain, and they have sold many starting on the 11th. And again, no way to report it to Ebay.
Would be interesting to see ebay or PayPal list who looses, and who gains on these scams.