Fraud is a crime. It has no place in a free (i.e. libertarian) society.

I believe fraud is seen by libertarians as a type of theft and theft is a crime in any society or body of thought that values property rights. Nonaggression towards others and respect for property rights are the top tenents of libertarianism.

Even Ayn Rand, queen of capitalism and profits said the purpose of the courts is:

> to protect your property and contracts from breach or fraud by others, and to settle disputes by rational rules, according to objective law.