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Shoaib Ahmed Shaikh
Born
Shoaib Ahmed Shaikh
Karachi, Sindh, Pakistan[3]
Nationality
Pakistani
Occupation(s)
CEO and Chairman at Axact, BOL Network
Years active
2013-present
Spouse
Ayesha Shaikh
Conviction(s)
Multiple counts of fraud involving a worldwide diploma mill organization, and obstruction of investigation authorities
Criminal charge
Conspiracy of mass fraud of manufacturing and selling fake academic degrees
Penalty
7 years in prison along with a ₹1,300,000 fine[a]
Shoaib Ahmed Shaikh, also known as SAS, is a Pakistani businessman and convicted felon. He is the founder of BOL Network. He also founded diploma mill company Axact.[4][5][6]
^"Axact CEO, 22 others sentenced to 20 years in jail in fake degrees case". 5 July 2018. Archived from the original on 5 July 2018.
^"Fake degree scandal: Axact CEO Shoaib Shaikh sentenced to 7 years in jail". Archived from the original on 5 July 2018.
^Walsh, Declan (10 April 2016). "Behind Fake Degrees from Pakistan, a Maze of Deceit and a Case in Peril". The New York Times. Archived from the original on 14 April 2016. Retrieved 9 May 2017. He became a citizen of St. Kitts and Nevis, a small Caribbean island that sells passports to rich investors.
^"Court indicts Axact CEO, others in money laundering case". 20 June 2018. Archived from the original on 11 July 2018.
^"Dailytimes | Behind fake degrees from Pakistan, a maze of deceit and a case in peril". dailytimes.com.pk. 11 April 2016. Archived from the original on 26 August 2016. Retrieved 23 August 2016.
^"Axact CEO, 22 others sentenced to 20 years in jail in fake degrees case". 5 July 2018. Archived from the original on 3 January 2019. Retrieved 2 January 2019.
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