The CEO of a Pakistani company called Axact, which called itself the country's largest software exporter, was arrested yesterday in Karachi. Axact and its CEO, Shoaib Ahmed Shaikh, are accused of running a global network of selling fake diplomas.
Local television showed pictures of a room filled with the fakes, according to reports in The New York Times and The Guardian. The documents were stamped with letterhead from fake Axact-owned universities with names like Bay View, Cambell State, and Oxdell.
Other Axact institutions adopted names that mimicked well-known US universities, such as "Barkley" and "Columbiana."
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