I just wrote to the owner, care of Stones Cyclery, and told him what was going on so he can report it to eBay. Hope someone can track down the seller and prosecute the bum for fraud.
Unfortunately, this happens all the time. Another tip-off besides sketchy descriptions, is when a "real" seller named something like "handmade_doll_clothes" has had no eBay activity for years, and then suddenly decides to sell a rare Confente bike for $5,000, buy-it-now, cash or money order to PO box, no PayPal.
Unused, "dormant" eBay IDs get stolen quite a lot, so even a seller with a track record for having sold or bought previously is worth examining for recent activity... and also just check for any other bike related auctions which a seller may have recently offered. ~ Fortunately for us, the crooks are usually total morons who know nothing about what they claim to be selling and can't answer the most basic questions.
String 'em up!