CEO Arrested for Selling $1 Billion in Fake Cisco Hardware on Amazon, eBay

Discussion in 'hardware' started by hawki, Jul 8, 2022.

  1. hawki

    hawki Registered Member

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    DC Metro Area
    "Allegedly, Aksoy imported tens of thousands of fraudulent Cisco devices from China and Hong Kong. He then created at least 19 companies in New Jersey and Florida, dubbed the “Pro Network,” to help him resell the hardware as genuine through the e-commerce sites...

    The Cisco equipment Aksoy allegedly sold was usually older, lower-end models that were previously bought or discarded. Counterfeiters in China then modified the equipment, making the devices appear as if they were genuine newer or more expensive Cisco product models..."

    https://www.pcmag.com/news/ceo-arrested-for-selling-1-billion-in-fake-cisco-hardware-on-amazon-ebay

    US Dept. of Justice press release:

    https://www.justice.gov/opa/pr/ceo-...me-traffic-estimated-1-billion-fraudulent-and
     
    Last edited: Jul 8, 2022
  2. itman

    itman Registered Member

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    And it appears they never reported this activity to the U.S. Justice Dept.? If they did report, it took the Justice Dept. all this time to investigate and final indict?
     
    Last edited by a moderator: Jul 8, 2022
  3. zapjb

    zapjb Registered Member

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    USA still the best. But barely.
    Where was this before Cisco put my company out of business? Grrr.
     
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