Is it? If traditional college guaranteed excellent this would be fraud. Think of money vs. fake money.
But both college and experience are no guarantee of anything. They are more like a faint hope. Hopefully someone with this resume will be as good as the resume suggests they might be!
Now on the other, if this hard crash course + hard working intelligent people results in true valuable skills, then is it fraud? Isn't who ever hires them getting exactly what they hoped they would get? It's like someone slips you Australian dollars instead of US dollars, but enough of them that even after exchange fees you're left with exactly the amount of money you wanted.
At least with that method the candidate has some skills. I've seen CVs that are out-and-out lies in terms of what the candidate can do. And at least one faked reference, but we caught that as the candidate seemed good for the positions but had an air of "something not quite right" so we looked deeper.
