I dont think this can work - if I am understanding you right.
Uh, what? The phone is "subsidized" by the contract. If you want a 'free' phone go with some prepaid service where you pay like 30$ for the phone and it comes with minutes.
Fake name address VCC my friend how?
I assume you've purchased a new phone with contract, right? If you have, you would know they take down a lot of information. They run a credit check, if your credit is too poor they will require a deposit. This deposit is usually 400$ or so. If you terminate the contract they will usually take 175-275$ as an early termination fee. Either way, they get their cash for that new phone.