Cost of Education Perpetuates Fake Academic Credentials?

Nick Fishman

Canterbury Degree

The use of fake academic degrees is becoming epidemic.  There are now an estimated 5,000 diploma mills throughout the world selling bogus academic credentials in exchange for money and little or no coursework (see my phony PhD above).  In just the last decade alone, this industry has accounted for over $1 billion in sales.

And our UK-based strategic partner, Verifile Ltd. has an interesting take on why the industry continues to grow. Check out this excerpt from their latest release.

Ahead of tomorrow’s House of Commons vote on tuition fees, CV verification and background screening expert, Verifile Limited, is concerned that an increase in tuition fees will lead to an increase in bogus universities and push more people to buy fake degrees from the criminals who run these organisations.

Verifile Limited owns Accredibase™, the world’s largest database of fake universities, or “degree mills”. Since the release of the company’s comprehensive report in January*, the number of confirmed bogus institutions** claiming to operate from the UK, has risen by an alarming 24%, taking the number of degree mills to 337 in the UK alone. In addition, a further 219 institutions are suspected mills and are currently under investigation. The majority of suspected mills are later confirmed as bogus upon completion of the investigation.

“It is hard to believe that candidates are not aware of what they are doing when they originally purchase their ‘degrees’ without taking classes or sitting in exams, yet tens of thousands of individuals are using degrees purchased from degree mills over the internet. And you find them from all walks of life from IT to security, health, education, management, government and more. If tuition fees are to increase, we must expect the incidence of fake degrees to also rise. Where the Government is not prepared to fight this problem effectively, it would be advisable for organisations to be more thorough when they carry out background checks” concluded Ben Cohen.

View Full Release

Of course, employers can limit the possibility of this happening by taking the following steps:

Nick Fishman
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Nick Fishman

Nick Fishman is the co-founder of EmployeeScreenIQ, a leading, global employment background screening provider, and serves as the company’s executive vice president and chief marketing officer. He pioneered the creation of EmployeeScreen University, the #1 educational resource on employment background checks for human resources, security and risk management professionals. A recognized industry expert, Nick is a frequent author, presenter and contributor to the news media. Nick is also a licensed private investigator in the states of Ohio and Texas.
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