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EDUCATION: COLLEGE: DEGREE MILLS :
CONSUMER AND INTERNET FRAUD AND SCAMS :
COUNRIES: PAKISTAN:
Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
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Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
By DECLAN WALSH
MAY 17, 2015
New York Times
http://www.nytimes.com/2015/05/18/world/asia/fake-diplomas-real-
cash-pakistani-company-axact-reaps-millions-columbiana-barkley.html
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A shorter URL for the above link:
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http://tinyurl.com/kw2atgy
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Seen from the Internet, it is a vast education empire: hundreds of
universities and high schools, with elegant names and smiling professors
at sun-dappled American campuses.
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Their websites, glossy and assured, offer online degrees in dozens of
disciplines, like nursing and civil engineering. There are glowing
endorsements on the CNN iReport website, enthusiastic video testimonials,
and State Department authentication certificates bearing the signature of
Secretary of State John Kerry.
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We host one of the most renowned faculty in the world, boasts a woman
introduced in one promotional video as the head of a law school. Come be a
part of Newford University to soar the sky of excellence.
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Yet on closer examination, this picture shimmers like a mirage. The news
reports are fabricated. The professors are paid actors. The university
campuses exist only as stock photos on computer servers. The degrees have
no true accreditation.
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In fact, very little in this virtual academic realm, appearing to span at
least 370 websites, is real except for the tens of millions of dollars in
estimated revenue it gleans each year from many thousands of people around
the world, all paid to a secretive Pakistani software company.
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That company, Axact, operates from the port city of Karachi, where it
employs over 2,000 people and calls itself Pakistans largest software
exporter, with Silicon Valley-style employee perks like a swimming pool
and yacht.
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Axact does sell some software applications. But according to former
insiders, company records and a detailed analysis of its websites, Axacts
main business has been to take the centuries-old scam of selling fake
academic degrees and turn it into an Internet-era scheme on a global
scale.
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As interest in online education is booming, the company is aggressively
positioning its school and portal websites to appear prominently in online
searches, luring in potential international customers.
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The complete article may be read at the URL above.
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Sincerely,
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Temple University
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