Ok, so bringing a post back from the dead, I have done this a few times on my old turbo busa, and was never caught. The only time Ive actually ever been pulled over by a cop was pulling out of a Harley dealership while shopping for a CR back before the fire sale. There was a guy there with a turbo roadking, and he was asking me about my bike. At the time, I had it stretched just 2" over stock, and was explaining that even with that, if I warmed the tire up, the front end would still rise like nothing. So as I was leaving the shop, I locked up the front brake, and smoked the rear pretty good, then rolled up to the light.
When the light changed, I rolled into 1st pretty hard, and shifted into 2nd at about 10.5k, front end came up, I rolled off the throttle, and saw lights in the rear view. I pulled off the side of the road, and motioned that I was pulling into a parking lot.
Shut the bike off, tossed my key in the grass, took off my helmet off, and gloves, and stayed on the bike. The officer was smiling as he walked up, and we talked about the bike for awhile, and he asked if it scared me when the front end came up. I was honest, and explained that I had just been BS'ng with the guy at the dealership about the bikes, etc etc etc. Long story short, he told me to keep it safe, that he didnt have a chance to clock me, but if he did, he probably would have taken me to jail. Just gave me a warning, and sent me on my way after asking me to take a picture of him on my bike
Here is a picture of it before I sold it. I would never try to run from a cop on my Buell, but may duck out of the way on a side road of trail if I thought I had one looking for me.