Eh I'm sure people have done it before and have gotten away with it. One thing to keep in mind though, if you go through with this and you get caught forget about ever getting into a business school. More importantly GMAC may take legal action against you. If you can't score a 700 even with months or years of preparation, fine, but chances are you will do alright and many business schools are fine with you scoring a 550-650 if the rest of your application looks good.
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