Jack Recider

And during that FIA investigation, they found that guy Salem, the guy who took the fall for the class action lawsuit a few years back. He admitted that Xact had paid him to take the fall. In fact, when he was appearing on video in court, he only acted like he was moving his lips. And then some Xact official was like off camera saying the things for him.

And during that FIA investigation, they found that guy Salem, the guy who took the fall for the class action lawsuit a few years back. He admitted that Xact had paid him to take the fall. In fact, when he was appearing on video in court, he only acted like he was moving his lips. And then some Xact official was like off camera saying the things for him.

And then they paid him $250 to go into hiding and disappear. Well, the FIA was like, okay, we did our job. We gathered the evidence. We raided the office. We arrested some folks. Court, it's now on you to finish up and sentence them. There's documents that suggest that Exact made hundreds of millions of dollars from their scams. They took money from over 200,000 people around the world.

And then they paid him $250 to go into hiding and disappear. Well, the FIA was like, okay, we did our job. We gathered the evidence. We raided the office. We arrested some folks. Court, it's now on you to finish up and sentence them. There's documents that suggest that Exact made hundreds of millions of dollars from their scams. They took money from over 200,000 people around the world.

And this means it was one of the biggest scams of all time. Stephen Colbert even joked about this. Here, listen to this.

And this means it was one of the biggest scams of all time. Stephen Colbert even joked about this. Here, listen to this.

Fake college should be free. I agree, Stephen. Fake college should always be free. Now, before the sentence could be carried out, this guy, Judge Memon, suddenly and out of the blue acquitted all of the people who were accused. Like somehow the number was now at 27 people being accused. So Schwabe and 26 others just all had their charges dropped just by the judge.

Fake college should be free. I agree, Stephen. Fake college should always be free. Now, before the sentence could be carried out, this guy, Judge Memon, suddenly and out of the blue acquitted all of the people who were accused. Like somehow the number was now at 27 people being accused. So Schwabe and 26 others just all had their charges dropped just by the judge.

It was just unreal. But the Pakistani court's like, whoa, whoa, whoa, hold on, wait, what just happened? And they looked into this guy, Judge Memon, further, and they found that he accepted a bribe from Shoaib for about $18,000 to just acquit everyone. And once the court found out about this bribe, they fired the judge and unacquitted all 27 people involved and reopened all the cases.

It was just unreal. But the Pakistani court's like, whoa, whoa, whoa, hold on, wait, what just happened? And they looked into this guy, Judge Memon, further, and they found that he accepted a bribe from Shoaib for about $18,000 to just acquit everyone. And once the court found out about this bribe, they fired the judge and unacquitted all 27 people involved and reopened all the cases.

One guy was pretty unlucky in all this, Umair Hameed. He was the vice president of EXACT. And guess what? He was living in the U.S. So the authorities were able to nab him and he pled guilty. He had no escape from the U.S. justice system. There was no one to like put in front of him and say, oh, it's this other guy. So he went to prison for like a year and a half.

One guy was pretty unlucky in all this, Umair Hameed. He was the vice president of EXACT. And guess what? He was living in the U.S. So the authorities were able to nab him and he pled guilty. He had no escape from the U.S. justice system. There was no one to like put in front of him and say, oh, it's this other guy. So he went to prison for like a year and a half.

In 2018, the Pakistani Sessions Court found 23 exact employees and executives guilty of impersonation, cheating and dishonesty, forgery and aiding and abetting. And the judge is like, okay, I'm going to give you all your sentence now. But there's this moment in court where the judge is like, Where is everyone? None of the 23 defendants showed up to their sentencing hearing. None.

In 2018, the Pakistani Sessions Court found 23 exact employees and executives guilty of impersonation, cheating and dishonesty, forgery and aiding and abetting. And the judge is like, okay, I'm going to give you all your sentence now. But there's this moment in court where the judge is like, Where is everyone? None of the 23 defendants showed up to their sentencing hearing. None.

So the judge is like, well, that's rude. I'm removing all your bail and I'm calling for your rearrest with no bail option this time. And then the court issued prison sentences for all 23 people. I think the highest that someone got was seven years in prison, but collectively it all added up to 20 years prison time. On top of that, they're all fined like a significant amount of rupees too.

So the judge is like, well, that's rude. I'm removing all your bail and I'm calling for your rearrest with no bail option this time. And then the court issued prison sentences for all 23 people. I think the highest that someone got was seven years in prison, but collectively it all added up to 20 years prison time. On top of that, they're all fined like a significant amount of rupees too.

And also, somewhere in here, Shoaib lost control over Bowl, that TV studio he started. It looks like the Pakistan Electronic Media Regulatory Authority revoked the broadcasting license that Bowl had, I guess until Shoaib stepped down or something. But then in 2023, a different company came in and bought Bowl. So it's definitely out of his hands now. Okay, so that's that, right?

And also, somewhere in here, Shoaib lost control over Bowl, that TV studio he started. It looks like the Pakistan Electronic Media Regulatory Authority revoked the broadcasting license that Bowl had, I guess until Shoaib stepped down or something. But then in 2023, a different company came in and bought Bowl. So it's definitely out of his hands now. Okay, so that's that, right?

23 people sentenced to prison for this whole exact degree email scam. You'd think exact would just like shutter its business and the CEO would just face his punishment. Well, no, not from what I could tell. Even though he was sentenced in 2018, it wasn't until 2023 that he was arrested. And don't ask me how he managed to stay free all that time.

23 people sentenced to prison for this whole exact degree email scam. You'd think exact would just like shutter its business and the CEO would just face his punishment. Well, no, not from what I could tell. Even though he was sentenced in 2018, it wasn't until 2023 that he was arrested. And don't ask me how he managed to stay free all that time.