Oh yeah....it does sound like he pulled one on you. Sorry. Where in MS are you from? I'm from north MS. I've been trying to find more team penning/sorting events closer to me, but everything is in TN or further down south it seems!
He is a beautiful horse though. Good luck getting some answers from "Jared"
Like I said.. the Age caught my eye.... and with the ad for CD O'Lena... well that clinches it. Your horse is bay............
BUT, if that is him working.. he is still a nice horse. If the owner lied.. and the papers are a lie... Oh I would be having an issue with him. Problem is FL is one of those states it is hard to get someone on something like this.. but dang I would try!!!!! $10k of misrepresentation is a LOT of misrepresentation.... IMO
If the pics of your horse are representative of the way he works, that is a nice horse. I would suspect that he is an offspring of CD Olena and that you may have misunderstood. In any case, before money transferred hands, I certainly would be in possession of his papers as well as the horse. There are escrows that could be used for just such a thing. I would also have been in possession of a copy of his papers while I was negotiating his purchase and would have run them through AQHA to check on any show or breeding records.
As for his worth, it depends on what he has done as well as his age and the results of a PPE.
I've had a number of horses that could work a cow as well as the pictures you posted and had great breeding as well. I paid considerably less but the horses themselves were never real money winners so they were not worth as much as one that was.