Nope, that's just rather bland justification of cheating. Not sure how US corporations work, but in Europe any big company would flag you internally so you won't be able to work there for a decade, and the mark still remains in their hiring system afterwards. Just a stupid thing to do, as lying always is.
This are not school exams, company wants to hire the best candidate. If all fail then best failing is still the best candidate, and this can be measured and/or perceived by skilled interviewers.