A US man who manufactured counterfeit networking gear has been sentenced to 7 years prison and ordered to pay US$18 million for defrauding Cisco.
Iheanyi Frank Chinasa and his accomplice, Robert Chambliss, had pleaded guilty to charges earlier this year over a scheme in which the pair claimed warranties for fake Cisco equipment.
Chambliss, also be responsible for footing the $18 million fee, was sentenced last month to 12 months and one day in prison.
The pair were indicted last year for defrauding Cisco of $27 million and faced 20 years imprisonment, a US$250,000 fine and full restitution, according to an EWeek report.
They had falsely claimed that they were having trouble with a Cisco product covered by a warranty, an attorney general and FBI investigator said in a statement on Thursday.
Their scam relied on Cisco’s return policy, which involved the networking giant sending a replacement part prior to the customer returning the allegedly faulty product.
Copyright © iTnews.com.au . All rights reserved.
Issue: 326 | April 2014
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.