It can be considered fraud. Google MBE FRAUD
https://www.fbi.gov/chicago/press-releases/2012/two-area-contractors-charged-with-fraud-involving-minority-and-women-set-asides-for-government-construction-contracts
Two Area Contractors Charged with Fraud Involving Minority and Women Set-Asides for Government Construction Contracts
U.S. Attorneys Office
February 14, 2012
Northern District of Illinois
(312) 353-5300
CHICAGOTwo owners of area construction businesses are facing federal charges for allegedly using companies they controlled to fraudulently obtain government contracts set aside for owners of minority, women, and disadvantaged business enterprises (M/W/DBEs). The charges in two separate cases made public today stem from an ongoing public corruption investigation by federal, state, and local authorities of alleged fraud by businesses falsely purporting to be minority- or women-owned, or by legitimate non-majority businesses being used as sham pass-through sub-contractors on public works projects.
No, now it’s just considered “Transracial”