The boss of Cisco reseller Network Genesis has been arrested for fraud after passing on fake equipment to his...
Cuong Cao Dang, known as Calvin Dang, has been accused of buying up counterfeit networking equipment and changing the serial numbers to make them appear as genuine Cisco technologies, selling them on at a profit.
The filing from the federal grand jury in California from last week claimed Dang had bought the kit from Cisco employees and said his San Jose-based firm had made $37m in revenue during the period it was investigating – between 2006 and 2012.
Dang, who is currently in jail until bail proceedings occur, has been charged with conspiracy to commit mail fraud, along with six counts of mail fraud and money laundering. If found guilty, he could face a jail sentence, alongside fines and providing compensation to victims.
Computer Weekly contacted Cisco for comment on the case but it had not returned our request for comment at the time of publication.
Dang is due to make his next appearance in court this Friday.