OK, I buy a call option from you today to buy a barrel of oil for $50 in 2 years. 2 years from now, the price of oil only jumps to $45/barrel, but below the strike price. But turns out after doing some investigating, you never had any oil to begin with. You created the futures option out of thin air. As a matter of fact, you haven't settled an option with delivery of oil in over 5 years.
So I find all of this out and realize that I put up my hard earned money to buy an option that you couldn't back and had no intention of delivering on. I lost my option fees and you had no skin in the game when you created the option.
Was a crime committed here?