Isn't going to fly at all. I'm afraid you are going to come up against a brick wall. However, nothing ventured, nothing gained. If your employer doesn't do something, nothing is going to happen. If they do, the probability, as SE has already pointed out, will probably not fly either as they are used to these scams already and each time they raise the minimums, more SMEs try the same silly stunts. Mostly it's their fault as they seem to think their underpaid HR person actually knows what they are doing. They don't.
I think, if I were in your shoes, I'd start thinking about changing employers (might have to anyway). That, or preparing your exit plans.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers