The consistently shady business around olive oil has honestly turned me off from the entire market. I feel like I see more "fake" olive oils than I see real olive oils and the deception (like in this case) is pretty obviously intentional. At this point I just try to find alternatives if I can and take my time if I ever do have to buy true olive oil, looking for reputable brands online and reading the back of every label.

I agree with your determination it definitely does not fit the naming rules outlined by the FDA for olive oils. Glad you made a complaint about the product, I doubt the company faces any fines, but hopefully it gets fixed.