I'm in the outraged crowd and there should be pretty serious consequences, but it is important in the interest of justice to differentiate between fraud, negligence, and gross incompetence.

I.e. as a crime rather than just a civic tort? I agree.

It does but there's no actual way to get legal recourse for false DMCA notices or anything similar. The legal system is stacked for the abusers to have their way and the victims to have no recourse, regardless of how egregious the abuse is.

>Filing false reports like this should count as fraud.

It does, but they never mess with anyone with big enough pockets to get sued for it.

Isn't it already classed as perjury?