No. Fraud requires an intent to take something or do other harm due those lies.
Otherwise you're describing any author of fiction.
Authors of fiction use, er, misuse science. If the author contracted the scientist to misuse science both the scientist(s) and the author are guilty of fraud of different kinds. The author got what he wanted to make a profit out of false scientific representation. The scientist(s) are guilty of a much higher kid of fraud in that they manipulated data to get to a conclusion which they could use to oppose well established scientific understanding. See my example. If such as I illustrate and these people here contend is all right we might as well bring back Lysenko, wrap up our labs, and prepare to walk in animal skins as we did just a few thousand years ago because science won't be useful any more.
Seems to me the same is true for business, especially business that takes advantage of advances in technology. If any assumption is permitted one can invoke God or miracle as reason for a desired, but impossible, outcome. Check our folk history. Its full of it. We are where we are because we began to examine and verify what is done. Before that it was all just whispers and daemons that got us from tree to tree to cave to tree. Forget all those spears, jars, monuments, if all we had was folk history and method.
