Tech CEO Sentenced for $100M Cisco Counterfeit Scheme
May 3, 2024Miami-based tech CEO Onur Aksoy, known by aliases, has been sentenced to over six years in prison for selling fake Cisco equipment.
Aksoy pleaded guilty to charges including conspiracy, mail fraud, and wire fraud, facing a $100 million restitution payment.
The counterfeit operation compromised critical U.S. infrastructure, impacting the military, as well as schools and hospitals.
Despite previous warnings and orders to stop, Aksoy continued his fraudulent activities with assistance from Chinese suppliers.
The case underscores the severity of counterfeit schemes and serves as a deterrent, while emphasizing Cisco's dedication to product integrity and customer protection.
Summary based on 4 sources
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Sources
PCMag • May 2, 2024
Tech CEO Gets 6 Years for Selling Fake Cisco Gear on Amazon, eBayBleepingComputer • May 2, 2024
CEO who sold fake Cisco devices to US military gets 6 years in prisonTimes Of India • May 2, 2024
CEO of 19 tech companies sentenced to 6 years prison for selling fake Cisco equipmentThe Register • May 2, 2024
Florida man gets 6 years behind bars for flogging fake Cisco kit to US military