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DoJ Alleges Reseller Bilked Cisco Out of $37 Million

netbuzz (955038) writes | about a year ago

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netbuzz (955038) writes "The latest scam involving stolen and/or fake Cisco equipment may also be one of the largest, as the Department of Justice says a 43-year-old San Jose-based reseller accumulated $37 million in ill-gotten gains over a period of years that he then poured into real estate and luxury cars. The feds say the guy also used part of the loot to set up college funds for his four children. At least four other such scams have been perpetrated against Cisco in recent years, though at $37 million this appears to have been the largest."
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