I stand by my earlier recommendation about not entering qualifications on your application you don't currently possess. Whether it meets the true definition of fraud or not is subject to interpretation. It's one thing to have the hours on a CV with a statement that you expect to have the hours by XXX. However, when you put it on an online application and state that you certify these hours to be true, it may cause problems as the apps are dated and if someone chooses to cross check, the truth will be very evident. Now, how they deal with it is up to the company if it is an issue. If you are fudging stuff now, what else will you fudge in the future?
In the end, it's up to the individual. Some airlines will actually clearly state that you may apply when you are within certain hours of their required minimums. Others will instruct you otherwise.
On a similar note concerning fraud, a few B737NG F/O's from a Brand X fudged their time to indicate the were Capts on the NG. During their sim evaluation it became evident that they could barely find stuff and fly from the left seat with a command presence. Now that's clear intent to commit fraud.