CEO Arrested for Selling $1 Billion in Fake Cisco Hardware on Amazon, eBay

[brettjet38]

https://www.pcmag.com/news/ceo-arrested-for-selling-1-billion-in-fake-cisco-hardware-on-amazon-ebay

A Miami-based CEO has been arrested for allegedly importing $1 billion worth of counterfeit Cisco equipment from China and then selling it on Amazon and eBay.

The Justice Department announced (Opens in a new window) today that it had indicted 38-year-old Onur “Ron” Aksoy for selling the counterfeit Cisco gear via numerous online storefronts. 

Allegedly, Aksoy imported tens of thousands of fraudulent Cisco devices from China and Hong Kong. He then created at least 19 companies in New Jersey and Florida, dubbed the “Pro Network,” to help him resell the hardware as genuine through the e-commerce sites. 

The simple fact that he was able to sell so much fake **bleep**, shows just how easy it is to fleece sheep...

If the price or deal seems too good to be true, it usually is thanks to Amazon and eBay

[marnotom!]

🤔 I wonder if Rogers has any of that hardware? 🤪

[reallynicestamps]

What was he CEO of? The fake companies or of Cisco?

Well the frauds were spotted and stopped-- but he was a determined crook and just kept returning.

"The counterfeiting generated numerous complaints from buyers on Amazon and eBay. In response, Amazon and eBay suspended(Opens in a new window) or terminated the storefronts on their sites. But Aksoy repeatedly returned to the e-commerce platforms, creating new storefronts under different names between 2014 and 2020. "