cisco: CEO of 19 firms charged with selling counterfeit Cisco devices worth $1 billion

A US court indicted a man who ran 19 companies and at least 15 Amazon showcases, 10 eBay shop windows and many other objects that sold fraudulent and counterfeit Cisco network devices worth $1 billion.

A federal grand jury in the District of New Jersey has charged Onur Aksoy, aka Ron Aksoy, aka Dave Durden, 38, of Miami with running a massive multi-year operation to trade fraudulent and counterfeit Cisco network equipment with an estimated retail value of over $1 billion. .

He imported tens of thousands of fake Cisco devices from China and Hong Kong and resold them to customers in the US and abroad, falsely presenting the products as new and genuine, the US Department of Justice said in a statement late Friday.

The operation allegedly generated over $100 million in revenue, with Aksoy receiving millions of dollars for his personal gain.

According to the indictment, the devices were typically older, lower model products, some of which were sold or thrown away, that Chinese counterfeiters then modified to look like genuine versions of newer, improved, and more expensive Cisco devices.

Chinese counterfeiters have added pirated Cisco software and unauthorized, low quality, or untrustworthy components, including components to bypass technology measures Cisco added to software license compliance and hardware authentication software.

Discover stories that interest you



Finally, in order to make the devices appear new, genuine, high quality, and sealed by Cisco, Chinese counterfeiters allegedly added fake Cisco labels, stickers, boxes, documentation, packaging, and other materials, the Justice Department said.

Aksoy is charged with one count of conspiring to trade in counterfeit goods and committing mail and wire fraud; three counts of mail fraud; four counts of electronic fraud; and three counts of trafficking in counterfeit goods.

Stay on top technology as well as startup news it is important. subscribe to our daily newsletter with the latest and must-read tech news delivered straight to your inbox.