However, Axact has denied allegations, saying the NY Times article was published in collaboration with its local media group and some other media outlets to hurt the success of its upcoming TV news channel.
New York Times, in its article named “Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions”, said that Axact is luring customers across the world to its websites in order to appear in search engines.
Their employees work in shifts 24 hours a day and sometimes impersonate American government officials in order to convince the customers to purchase expensive certifications and documents, the article states.
It is also mentioned in the report that the company’s revenues are circulated through offshore companies while its role as the title-holder of this fake education empire remains covered by proxy Internet services.
According to NYT, Axact’s founder and chief executive, Shoaib Ahmed Shaikh, described said that his organization is an “I.T. and I.T. network company” which provides services to small and medium-sized businesses. He denied to name the companies that are supported by his organization.
New York Times, in its article, has also stated that the company’s schemes regarding the fake educational degrees lead to immigration frauds. Gene Morrison, a fake police criminologist who claimed to have degree certificates from the Axact-owned Rochville University, was jailed by a British court back in 2007.
The company is working hard to become Pakistan’s most influential media agency as well. Bol Television, Axact’s upcoming media agency has hired renowned Pakistani journalists and is scheduled to telecast soon.
Axact’s fake educational institutions are connected by shallow similarities such as names and contact numbers for example Rochville and Barkley, as per the article. It also claims that former employees forcefully markets their creation through deception whereas the professors and students who appear in their advertisements are actors.
It also states that the social media websites such as LinkedIn also has profiles to meet their objectives.
The company’s much profitable form of earning revenue is posing as American government officials who persuade customers into purchasing State Department “verified” certificates signed by Secretary of State John Kerry for less than $100, according to New York Times.
A nurse at a large hospital in Abu Dhabi had confessed of spending $60,000 on an Axact-issued medical degree for a promotion.