No more than, and possibly considerably less than you've "made up" a Type 01 license saying you intent to sell the firearms you're buying.
Not I. I was responding to a poster who said "a LOT" of FFLs were using the license simply to buy guns at wholesale for themselves (and maybe a few friends). He added that the pactice was "honest and legit".
I responded that those who do this may be legit but they're not honest. Do you think they're being honest?