Here’s Why World’s Bankers Can’t Manage Economy Or Understand Bitcoin

No fewer than 20 Goldman Sachs graduates were fired to cheating on a basic math test just one month after no fewer than 10 were fired from JPMorgan under the same suspicions. Both Goldman Sachs and JPMorgan discovered elite graduates cheated on a “basic math test.” Staff say cheating is common.

All analysts sacked worked in New York and London offices. Most of the staff fired at JP Morgan were trainees from Britain who had to pay their own flights home, reports the Telegraph. Employees who pass the course are often hired for permanent jobs.

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“This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm,” said a Goldman spokesman. According to one employee, cheating is common. 

“The exams are relatively easy to cheat on and people have cheated on them in the past. They are under a lot of pressure to pass them,” one source said.

“These people must have cheated in a pretty stupid, clumsy way for them to get caught because otherwise I don’t understand how they didn’t get away with it,” the source went further. “The cheating would be by either bringing notes into the room or looking at the other pupils’ work.”

Justin O’Connell is the CEO of GoldSilverBitcoin and contributor to Max Keiser, Hacked.com, CryptoCoinsNews and other publications.