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Which auction was it? Do you have the number?
Yes this is a case of fraud. You can open a case against him on eBay and try to have his account suspended if they believe you. I've never successfully been able to do this for anyone so don't be surprised if you are unsuccessful.
You can get your money back through PayPal (after a lengthy case) if the guy wont refund your money himself.
Depending where you are in the world you can inform the Police and / or the trading standards with his details from PayPal.
To be honest it will be difficult / impossible to get anyone to listen. Try to get your money back and then leave it at that. Bring awareness to other people about his ebay identity and auctions so they will avoid them.
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