Tech CEO Sentenced for $100M Cisco Counterfeit Scheme

May 3, 2024
Tech CEO Sentenced for $100M Cisco Counterfeit Scheme
  • Miami-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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