Long post alert:
Since everyone voted you down, and not for entirely valid reasons, I'll try answering.
"1) Can you be "Electrocuted" at such low Voltages Now I don't know Apples direct Specs. But, I gather its likely somewhere in the 5V 2A range. Like it is on my Samsung Phablet(s)."
As others have mentioned, it's the amps that kill you, not the volts. Not quite right. If you equate electricity to water, amps would be the volume of water, and volts would be the pressure. You can have a substancial volume of water waiting to bowl you over, but if there's no pressure in the garden hose - nothing's going to happen.
Likewise with electricty, it's considered 30mA (0.030amps) is the maximum safe amount of electricity you can have pass through you, without reliably killing you. But that's only part of the story - how many volts do you need to reliably push 30mA through you? That's the question - the are a WIDE range of conditions that affect how many volts are going to be presented to your skin, not only that, your skin conditions vary WIDELY that affect the number too. Short answer, 5 volts is considered nowhere near enough, 110 is considered plenty.
That's where the faults come in. Due to the cheapness, unreliability, and outright dangerous design practices of the fake chargers, it's possible for the mains voltages to appear on the 5v low voltage side.
THAT'S what kills you.
"2) If (Cr)Apple know People are dying 'cause they can't afford to purchase a Device Legal Charger (Kinda begs how the can afford the JesusPhone to begin with!?), then why cant they just bung them in to the actual Package?"
Two points, it's not Apple's job to police the fakes. It's a good idea to - after all, the fakes are considered to be rubbishing their name - but it's still not their job. Apple has a strict sales system that means, if you want an Apple product, you MUST go through their outlets. If you buy them on eBay, rest assured they're fakes. The users know this, make no mistake about it. They can't prove otherwise, but I'll bet in their respective afterlives, they're thinking that ten bucks wasn't worth it.
Second point, the mains wall wart is not included to reduce the inital cost of the phone, and knowing you MUST have a computer to use it at all, they let the user decide. This is not an Apple "thing", it's common practice, and personally, I always use my USB ports to charge my phone.
A third point you didn't mention but is still worthy: Why is Apple implicated in this issue, when technically, ANY phone manufacturer is suseptable to fakes? Easy. Apple marketing for some time now, has been centered entirely around not so much the relatively modest products, but around what they stand for. The "name" if you will. Apple users commonly buy because of the name, so much so, that even their fakes must have the apple design and name. Yes, the marketing is of Apple's making, but still not their fault, every other fashion label that's considered famous (and even some not so famous one's) do exactly the same thing.
There is a plethora of third-party no-name cheapies that are sold to just about every phone market (including Apple). All of which exhibit the same issues, or at least have the potential issues, but let's just say that users of other brands are perhaps not so driven on name of pheripherals, rather than function.
"Bonus Question: Why hasn't the EU smacked (Cr)Apple down yet for not switching over to the MicroUSB Standard(s) yet?!"
It's not their job. There is no law that says you MUST have a partiular interface, even if most everyone else does. It's great for us CONSUMERS if they use a standard interface, it's great for APPLE if they use a proprietary one. They're a business after all...