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Elite universities in the United States and the United Kingdom have been investing endowment funds offshore in order to pay little or no tax, according to details revealed in the so-called Paradise Papers. According to the student run Fossil Free Pitt Coalition “We are concerned about the lack of transparency, as two-thirds of the endowment is just a mystery to us. We are suspicious about where that huge segment of the endowment is going.” An emeritus professor in accounting at the University of Essex, told the newspaper that UK universities should be more transparent about their investment decisions, since they are public institutions that receive public money, including from the European Union.

People in Kenya, Tanzania and Uganda have been found buying fake degrees of all sorts from diploma mills and other bogus universities. Those universities have no physical existence and operate only through websites. Most diploma mills are operating from Britain or United States where academic standards are presumed to be very high. Recently, the Federal Bureau of Investigations compiled a list of over 10,000 persons who obtained fake degrees from diploma mills in USA. A significant number of them are from South Africa, Kenya and Nigeria. Currently, there are about 80 notorious diploma mills that operate from the United States and the UK.