Which is a better choice in case of a graduate admission?

Which is a better choice in case of a PhD application and why:

1. Submitting a transcript which indicates an incomplete study (50/120 credits completed) and 5 dropped (not failed) courses.

vs.

2. Concealing an incomplete study.

??

If #1 is a Hobson's choice, how can I explain that to satisfy the admission committe?