Diploma Mills & Fake Degrees: A billion $$$ industry

May 24th, 2019

According to an article by The Star, a recent report from Akhbar & Associates, a corporate fraud investigation agency, has found that “an estimated one in 20 potential hires in Malaysia has fake qualifications while one in 10 has credentials from unaccredited institutions.”

Many of these individuals are applying for senior management jobs at banks and the health care industry. The investigation agency found that the fake diplomas were purchased by Axact, the diploma mill in Karachi, Pakistan. You can read the full report here

The problem with fake diplomas and credentials from unaccredited institutions is not something new and is also not going away any time soon. ACEI has been covering the epidemic of diploma and accreditation mills in past blogs. In this week’s blog, rather than write more about this topic, we thought you’d prefer watching a documentary Al Jazeera’s program 101 Documentary aired on Axact and how entrenched the problem of diploma mills around the globe.

Don’t fall prey to diploma mills or get duped into accepting a fake diploma. Stay aware! Research! Verify!


ACEI Logo with Slogan - FINAL

The Academic Credentials Evaluation Institute, Inc. (ACEI), was founded in 1994 and is based in Los Angeles, CA, USA. ACEI provides a number of services that include evaluations of international academic credentials for U.S. educational equivalence, translation, verification, and professional training programs. ACEI is a Charter and Endorsed Member of the Association of International Credential Evaluators. For more information, visit www.acei-global.org.

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Filed under Credentials, Education

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