- Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions. A secretive Pakistani company is selling fake academic degrees on a global scale, a New York Times investigation has found. http://www.nytimes.com/2015/05/18/world/asia/fake-diplomas-real-cash-pakistani-company-axact-reaps-millions-columbiana-barkley.html 17 comments worldnews