An executive of software company Axact has pleaded guilty on Friday before a US Judge of conspiracy to commit wire fraud in connection with an international “diploma mill” scheme.
“Umair Hamid, 31, of Karachi, Pakistan, pled guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison”, read the press release of US Department of Justice.
Hamid, an executive of Axact, was arrested on Dec 19, 2016, according to a statement by former Manhattan US Attorney Preet Bharara. He was produced in a federal court in Fort Mitchell, Kentucky, the following day.
“Operating from Pakistan, Umair Hamid helped fraudulently rake in millions of dollars from unwitting American consumers who paid to enrol in, and get degrees from, high schools and colleges that did not exist. As a result of his fraud, people who thought they were investing in an education received nothing more than worthless diplomas and a harsh lesson in the worldwide reach of deceit. Together with our partners at the FBI and the Postal Service, we will continue to work to protect consumers from scams that victimise our citizens.” Acting US Attorney Joon H. Kim was quoted as saying in the US justice department press release.
Kim praised the outstanding investigative work of the Federal Bureau of Investigation and the US Postal Inspection Service.
Hamid is scheduled to be sentenced by Judge Abrams on July 21, 2017.