Originally Posted by lewinr
you are wrong, except for the part about not being a lawyer. (period)
the specific scenario described by the OP is not fraud. And I'm not sure what derivatives you are speaking about, but it is interesting you make an absolute statement like "is certain to be classified as fraud" but leave yourself a very vague escape like "or a derivative thereof". Are you certain or not?
That's right. I am a lawyer, and this is not fraud (as that term is used legally). I agree with dhuey, its morally dubious, but not illegal.