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Even if someone tells you how much they are making its irrelevant if you don't know what their site content is. Chances are if they are making decent money they don't need any competitors ;) What you make can be well under $1 CPM, or it can be a whole lot higher.
As for fraud, the advertisers are smart and they know when they start getting a lot of traffic that doesn't convert. Complain to Google, Google does some investigating.
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