No. That's not really fraud. There's a general assumption among tech savvy people that technology, particularly electronics, become obsolete rather quickly. And even though they're technically obsolete, they typically still function satisfactorily (unless you expect them to function exactly the same as a current model).
I'm speaking more in terms of the sort of fraud that has negative societal repercussions. For instance, the recent banking fraud. Bank of America with the repeated recent examples of attempting to foreclose properties they don't hold a mortgage to, or properties that are in compliance with the terms of their mortgage contracts. Companies that falsify scientific studies, push off-label & untested applications for drugs, falsify compliance with environmental or safety regulations, etc.