Grossly misrepresenting work experience in a job application does sound a bit like misrepresenting a material fact in order to obtain action by another party, where the other party relies on the misrepresentation and suffers injury from it.
Now I wouldn't want to have bootcamp graduates prosecuted for fraud, and it would be near impossible to put any concrete number on the damage anyways, but I do wonder if bootcamps that systematically abet graduates to commit fraud run afoul of any laws.
Hyperbole on resumes is the sine qua non of the hiring experience. This is no different, just a more systematic form that I'm not used to seeing historically.
Interestingly though, very few of the resumes I describe actually list CodeSmith at all. So I didn't make the connection immediately.