Yes, fraud is possible. I bought the program, and am fairly happy with it.
I don't believe in stealing software. But I'll tell you a little story, which is true:
I bought a program, and luckily, saved the html receipt. Well, as time went by, they updated the program.(I did not check for updates, for a year) Well, my registration key (password) wouldn't work. They did lose mine in the database. But I emailed the administrator my html copy of my receipt. He gave me a new password.
Without it, I could not have updated my software. The old password only worked with the original program.
Seems to me, everyone should keep records, even if it is credit card statements. But a receipt is the best thing you can have, if you lose your password/registration key.
Also, it would be helpful to get a receipt in the snail mail.