Axact universities

Discussion in 'Accreditation Discussions (RA, DETC, state approva' started by Kizmet, Aug 29, 2015.

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  1. Kizmet

    Kizmet Moderator Staff Member

  2. Johann

    Johann Well-Known Member

    Those numbers don't quite add up. 240,000 students for $200 million is an average of (...pause) $833.00. Is that all? Surely not, when we've heard of some "students" paying as much as $200,000+ EACH.
    I read other numbers mentioning 2.2 million fake degrees. For $200 million? That would be less than $100 each, on average - even more absurd. A $99 degree is hardly a fraud - more like a gag gift!

    Until the FBI (or "Brian" from TV's Limitless) checks the math... I'll wait. :smile:

    J.
     
    Last edited by a moderator: Mar 10, 2016
  3. Kizmet

    Kizmet Moderator Staff Member

    You've asked a decent question and all I can say in answer to it is that I've assumed there is some cost of living adjustment based on the country where the "student" was living. Someone in the US might be able to pay $5K but someone in India only a fraction of that.:dunno:
     
  4. Johann

    Johann Well-Known Member

    Have I? Glad to hear it. Now that's unusual... :smile:

    I don't know why they'd have high-pressure sales guys spin their wheels in India / Pakistan then. I'd figure it's probably no harder to sell 10 degrees for $5000 and up each in UAE or the West than it is to sell ONE degree for $500 in a low-income country.

    I suspect, if the numbers sold are reported accurately, there may have been a lot more than $200 million paid for that many fake degrees. I'm sure the authorities will uncover more numbers, deposits etc...

    J
     
  5. Kizmet

    Kizmet Moderator Staff Member

    One of the questions to be raised in this whole scandal is just this: Why did it take the NY Times to uncover a scandal in the higher education world of Pakistan? Where was the Pakistani media? Where were the Pakistani authorities? Well it seems that the guy who owned Axact also owned a big media company and paid his reporters much more than average and so maybe they looked the other way?

    The End Of The Saga
     
  6. mbwa shenzi

    mbwa shenzi Active Member

    The Asian Human Rights Commission expressed concern over the closure of Axact and Bol and the unemployment of 8,000 Axact employees. It has been alleged that the Commission received generous donations from Axact, so yes, at least some people in Pakistan looked the other way.
     
  7. Kizmet

    Kizmet Moderator Staff Member

  8. Johann

    Johann Well-Known Member

    Well, you could pack a whole lot of online universities into that place. :smile:

    J.
     
  9. Kizmet

    Kizmet Moderator Staff Member

    Last edited by a moderator: Apr 11, 2016
  10. Johann

    Johann Well-Known Member

    Beautiful! Good job, FIA.

    From the "smoking gun" article: "Viqas Atiq, the Chief Operating Officer of Axact, holds 49% of the shares of Mivvel Inc..."
    This is the same Viqas Atiq who gave Saleem Qureshi the message to go into hiding and had Umair Hamid give him (Qureshi) the equivalent of a measly $239 to do so. That's according to Qureshi's testimony, anyway. Post 78 in this thread.

    J.
     
    Last edited by a moderator: Apr 11, 2016
  11. mbwa shenzi

    mbwa shenzi Active Member

    It's possible that Axact started in PECHS, Pakistan Employees Cooperative Housing Society, in Jamshed Town, Karachi, probably in the densely populated neighbourhood called Block-II. I wouldn't be surprised if the universities (oh, dear old Bonneville University!) came first and the software later. In any case, the blokes at the nearby Ferozabad Police Station may or may not have been aware of what was going on.
     
  12. Kizmet

    Kizmet Moderator Staff Member

  13. Kizmet

    Kizmet Moderator Staff Member

  14. Johann

    Johann Well-Known Member

    Right --- get the rope. :firedevil:

    J.
     
  15. Kizmet

    Kizmet Moderator Staff Member

  16. Kizmet

    Kizmet Moderator Staff Member

  17. Michigan68

    Michigan68 Active Member

    The article said this: At this juncture the court ordered the two parties to give the name of the experts who can remove the hurdles in the way of moving the Axact server from the office and ensure its transfer to the FIA and also ensure verification of the copies of the data.

    Didn't someone on this site say they knew who had a copy of the client names (copies of data) ? Uh oh . . . . .
     
  18. Kizmet

    Kizmet Moderator Staff Member

  19. Kizmet

    Kizmet Moderator Staff Member

  20. Johann

    Johann Well-Known Member

    Sheikh's bail is the equivalent of exactly $4,776.69 U.S. I'm guessing that's the average cost of 2 or 3 fake degrees - or less. :shock:

    J.
     

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