Lying about your graduation year to get an internship

How common is this?

I'm sure people pull the whole graduating early thing and then decide they aren't graduating early after the internship.

If HR finds out you are for all practical purposes fucked and the offer will be rescinded, am I correct?

 

I've heard of someone doing this at Wharton. Resulted in a lot of first round interviews and basically no second round ones. It also makes you look pretty untrustworthy if the same people are looking at your resume next year.

 

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