An estimated 50,000 fake PhD degrees are sold each year by diploma mills. By comparison, between 40,000 to 45,000 PhD degrees are awarded by accredited schools in the United States each year.
Source: Allen Ezell and John Bear, “Does Your Doctor Have a Fake Degree? The Billion-Dollar Industry That Has Sold Over a Million Fake Diplomas,” AlertNet, June 13, 2012.
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