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@Spicep1
Slander or libel---who cares.
He would need to sue for the damage to his reputation which, clearly does not exist. When he is hustling for a few hundred quid, I can't see him paying serious dosh to a solicitor and barrister to rescue his rep.
The real question is whether we have a obligation to report these activities.
In the USA, this would be really serious stuff. Wire fraud amongst other things (fines plus up to 20 years in jail)
Despite the amounts in this site, he may be doing the same thing with watches, clothing. Jewellery, audio equipment etc.