LOL, well technically you still pay for the game, so it's not exactly fraud...
You are lying about your address in order to buy something you wouldn't normally be able to buy. Sounds like fraud to me.
Whether you pay for it or not doesn't really make a difference because you are still in contravention of the T&C.
When an anti-piracy method is affecting the game for people who legitimately bought it and causing other people not to buy the game, there is obviously something wrong with it!