Ecuador Central Bank governor resigns over fake degree

December 27, 2012

The governor of the Central Bank of Ecuador has resigned after admitting that he lied about having a degree in economics. Pedro Delgado apologized for providing false information when he applied to a business school more than 20 years ago.

He finished his masters degree there, but the business school – Incae – discovered he’d lied in his application and informed the government. “I have to admit that I have made a serious mistake 22 years ago which is costing me very dear,” he said. In his application form to join the Incae business school, in Costa Rica, Mr Delgado said he had a degree from Ecuador’s Catholic University. President Rafael Correa, who is Mr Delgado’s cousin, promised to investigate: “A very hard day. We can confirm that Pedro Delgado had presented a fake degree at Incae,” he tweeted. “It has been a big blow to the revolution,” he said, referring to his left-wing program of government. Verifying diplomas with Mind Your Business, Inc. Only last week, our referencing department found significant fraud while verifying a diploma for one of our clients. Take a look at the degree below:

Fake Degree

Degree verification ought to be a key part of any employment screening program. With the economy still suffering and millions of people looking for work, job applicants will go to extreme lengths to get some form of employment. Make sure you run thorough education verification checks as part of your background check.

Contact us for more information on how to start or improve an education verification program at your business.

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