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Re: would it be considered fraudulant...
Ignorance is bliss...
But, I do have to say that if you have the knowledge to overcome the issue, it would be considered fraudulent. Will Sprint enforce that? Absolutely not, but that doesn't mean it is right.
The people who have used this method to obtain a TP2 have only kept others from getting the device at a lower price. How many phones can you give away if you suddenly aren't selling them? See where I'm going with this?
That said, the decision is your's and your's only. Do what you feel is right.
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