Massachusetts Man Accused of Defrauding Cisco of Millions
Via The Silicon Valley/San Jose Business Journal.
A Massachusetts man is charged with defrauding Cisco Systems Inc. of millions of dollars worth of computer networking equipment.More here.
Michael A. Daly, 53, was arrested Tuesday during a search at his business, Data Resources Group, in Salisbury, Mass., where officers seized computer equipment, documents, and other evidence.
According to the U.S. Attorney's Office, from about July 2003 to the present, Daly used "numerous false identities" and fraudulently arranged for San Jose-based Cisco to send him replacement parts.
Investigators said Daly received and sold the parts, spending at least some of the illegal proceeds on classic automobiles.
posted by Fergie @ 2/28/2007 02:19:00 PM
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