Massachusetts Man Indicted In Cisco Fraud Case
A Massachusetts man has been indicted by a San Jose grand jury on 30 felony counts of wire fraud and money laundering, federal prosecutors have announced.More here.
Michael Daly, 53, allegedly engaged in a scheme to defraud Cisco Systems, Inc., of millions of dollars worth of equipment between June 2003 and February 2007.
Daly allegedly used phony identities, business names and addresses in 39 states to obtain equipment from the company without payment and then resold it, according to the U.S. Attorney's Office.
posted by Fergie @ 5/11/2007 10:48:00 AM
1 Comments:
We always tell customers that a good way to guarantee that you do not purchase counterfeit equipment is to work with companies who are associated with organizations such as UNEDA. The United Network Equipment Dealer Association (UNEDA) is a worldwide alliance of more than 300 of the leading marketers of pre-owned networking equipment. Members represent the entire spectrum of the secondary market, from companies with hundreds of employees and millions of dollars in inventory to small, entrepreneurial organizations. Together their combined yearly buying clout exceeds $2 billion, representing the sale of millions of pieces of equipment to tens of thousands of customers. UNEDA members must adhere to a strict code of ethics that includes a firm policy against selling any equipment that is not legitimate.
John Stafford
UNEDA
813-490-7053
john@uneda.com
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