Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
1–10 of 81 posts
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#2What's worse than scamming people? Scamming the most desperate people, trying to better themselves, and then continuing to hit their card from multiple fake companies.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#3>One Saudi man spent over $400,000 on fake degrees and associated certificates, said Mr. Jamshaid, the former employee.
What on earth is the point of buying that many credentials? At that rate you might as well spend the time getting a real one.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#4I always knew that they were doing something shady. Also their employees have to sign NDA's to work. I know quite a few people who worked at Axact. And no one is willing to tell me what kind of work he/she did there.
I naturally assumed that it had the backing of the pakistani intelligence agencies guess i was wrong.
There is also another thing that i would like to add here, there is an answer on quora which those interested should read[1].
They do give really good benefits, things like free lunch, return tickets to foreign countries for vacation and they give a car to each of their employees.
There was also a rumour going around that axact made its money by making and managing one of the largest pornographic websites on the internet. Don't know how much truth is in that. But everyone i mean everyone talked about that at one time in the industry here.
[1] http://www.quora.com/What-are-the-services-does-Axact-Pakist...
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#5oh the CNN ireport links are nice touch.
http://barkleyuniversity.com/about/newsroom/
the links still work too.
http://ireport.cnn.com/docs/DOC-1070836
i guess there's zero editorial oversight in the iReport section.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#6This company is very well renowned in Pakistan for its perks and many engineers rush to apply here. I had absolutely no clue this is what was going on behind the scenes. There is no talk about Axact operating shady universities back in Pakistan, and a scam of this scale is astonishing. Eye-opening article.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#7If the Department of Education just gave everyone a college diploma for free when they turned 18, that would probably do more to improve the quality of the education system than any actual reform over the last fifty years. As it stands, it doesn't surprise me in the slightest that the government is trying to shut them down.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#8>One Saudi man spent over $400,000 on fake degrees and associated certificates, said Mr. Jamshaid, the former employee. What on earth is the point of buying that many credentials? At that rate you might as well spend the time getting a real one.
They were probably just trophies. He may have had no intention of actually learning anything.
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#9>One Saudi man spent over $400,000 on fake degrees and associated certificates, said Mr. Jamshaid, the former employee. What on earth is the point of buying that many credentials? At that rate you might as well spend the time getting a real one.
Lots of different reasons, including but not limited to:
1. Immigration
2. Hiding wealth ("Where did you get that money from?")
3. Hiding time ("What have you been doing for the last 5 years")
4. Releasing inheritance ("Clause 24: [x] can only get his share once he earns a Masters degree in [y]")
5. Fraud
6. Money laundering
Re: Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions
#10If the Department of Education just gave everyone a college diploma for free when they turned 18, that would probably do more to improve the quality of the education system than any actual reform over the last fifty years. As it stands, it doesn't surprise me in the slightest that the government is trying to shut them down.
Hmm...I don't think I follow. Care to elaborate?