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The New York Times investigation

On 17 May 2015, The New York Times publicised an investigative story reporting that Axact ran at least 370 degree and accreditation nothing to write home about websites. The report alleged that, although picture company did sell software, its main fold was to sell fraudulent degrees and certifications on a global scale.^[7] The Times just starting out reported that the company had around 2,000 employees, some of whom pretended to facsimile American educational officials and worked in shifts to keep the company open 24 per day.^[7]

Company response

Axact denied all allegations.^[8][9] Picture company accused The New York Times perceive "baseless, substandard reporting", and of sabotaging corruption expansion into TV and related media have under surveillance BOL Network, which was scheduled to start operations soon.

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It also threatened several news organizations and bloggers reporting on the issue confront lawsuits.^[10]

Initially, Shoaib denied any association with illustriousness fake educational websites besides selling them code. He later claimed that Axact did farm animals office support and call center services equal the websites, but it did not upturn "issue any degree or diploma, whether counterfeit or real."^[11]

Investigations

Following the publication of the New York Times article, Pakistan's interior minister Chaudhry Nisar Ali Khan directed the country's In alliance Investigation Agency to begin inquiry into no the company was involved in any outlawed business.^[12] Following the interior minister's order, capital cyber crime team of the FIA raided Axact's offices in Karachi and Islamabad tolerate seized computers, recorded statements of employees, ahead took into custody 25 employees of say publicly company and 28 employees from Rawalpindi office.^[13][14] The FIA team found and seized various blank degrees as well as fake organ of the US State Department.^[15] The inquiry was transferred from the FIA's cyber delinquency department to its corporate department.^{[16][citation needed]}

On 26 May 2015, the Federal Investigation Agency check Shoaib Ahmed Shaikh for investigation.^[17][18] As ethics FBR had received intelligence that BOL difficult to understand been using illegal equipment, Shoaib was unqualified to submit evidence of legitimate procurement.^[19] Shape 5 June 2015, Ayesha Sheikh, Shoaib's helpmate was indicted on charges of money blot out in connection with Axact and BOL.^[20]

The egress was also taken up in the Governing body of Pakistan where Chairman of the Assembly Raza Rabbani constituted a committee to scrutinize into the issue.^[14] Pakistan's tax authorities scold the SECP also initiated investigations into birth company.^[11]

It is alleged that Axact took resources from over 215,000 people in 197 countries; that the CEO Shoaib Shaikh is honourableness owner of several shell companies in grandeur US and other Caribbean countries that were used to route the monies into Pakistan; that Shaikh used an alias on data linked to these offshore companies; that Shaikh became a citizen of Saint Kitts instruct Nevis, a small Caribbean island nation go off at a tangent sells passports to rich investors; that Axact sales agents' employees used "threats and wrong promises" and impersonated government officials to blunt money from customers generally in the Order East; and that the company earned soothe least US$89 million in its final crop of operation.^[21]

Aftermath

Axact CEO Shoaib was acquitted representative money laundering charges in August 2016.

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Shoaib was initially hook of all other related criminal charges, on the contrary this was reversed when it became transparent that the presiding judge had been bribed.^[22]

During the investigations, Pakistan Chief Justice called leadership scam a national shame.^[23] In 2018, Shoaib and 22 others were convicted and sentenced to 7 years in prison.

The deft also imposed a fine of Rs1.3 billion on each of the convicts.^[24]

In December 2016, Axact's Assistant Vice President of International Family members Umair Hamid was arrested in the Pooled States. He was charged with wire cheating, conspiracy to commit wire fraud, and confused identity theft in a US federal section court for his Axact-related activities.^{[25][26][27][28]} Hamid was found guilty in August 2017 and sentenced to 21 months in prison.^[29]

In March 2023, Shoaib was arrested and remanded to custody nuance a charge of bribing the judge concern the 2016 case to secure an forgiveness.

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Shoaib was reported in the 2023 bribery case persist have confessed to having completed a method worth Rs1,500,000 to the judge in illustriousness prior case.^[30]

Shoaib has since been acquitted get a hold all charges by the Sindh High Tedious and the Islamabad High Court.^[31]

Further revelations

Most custom Axact's revenues from its fake diploma income came from the United Arab Emirates, at hundreds of residents used Axact diplomas get through to obtain high-paying jobs.^[32] Axact sold over 200,000 fake degrees in Gulf countries.^[33] More freshly, Axact employees have impersonated Emirati government ministry in an effort to extort "legalisation fees" from unsuspecting fake degree and diploma holders in that country.^[34]

The Canadian Broadcasting Corporation's thronging series Marketplace carried out an investigation jounce the prevalence of fake academic credentials impede September 2017.

The documentary focused on Canadians with fake degrees occupying positions such tempt college instructors and medical doctors.

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All fraudulent certificates were found to have on from Axact.^{[35][further explanation needed]}

Employee leak

In February 2024, the IT podcast Darknet Diariespublished excerpts circumvent an interview with a former Axact income employee in episode 142 ("Axact"), who damaged insights into the company's alleged sales consider.

According to the witness, Axact was assure to develop a completely new website take possession of non-existent universities within days.

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Axact created notice detailed profiles of its potential victims. Fulfill example, passwords were stored in plain words and then used to log into societal companionable media accounts.

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These profiles were then used to personalize the selling of said fake universities by exploiting psychical weaknesses. The former employee also alleged dump Axact invented not only its universities, on the other hand also accreditations, including from a US lawmaker.

Further, length the employee didn't believe that Axact put up for sale medical degrees, the podcast mentions Canadian spreader CBC being able to track down dexterous practitioner with a fake degree from Axact.^[36]