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CEO Accused of Making Thousands and thousands by way of Sale of Pretend Cisco Gadgets

By Eduard Kovacs on July 11, 2022

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The US Division of Justice introduced on Friday {that a} man has been arrested and charged for allegedly promoting fraudulent and counterfeit Cisco merchandise.

The suspect is 38-year-old Onur Aksoy of Miami, who’s allegedly also referred to as Ron Aksoy and Dave Durden. Based on authorities, he was the CEO of not less than 19 firms — collectively tracked as Professional Community Entities — that purchased pretend Cisco networking gear from China and Hong Kong and bought it in the USA and elsewhere.

The pretend merchandise had counterfeit Cisco labels, stickers, packing containers and documentation to seem new, real and of top quality. In actuality, lots of them had been older Cisco merchandise that had been discarded or bought after which modified by the Chinese language provider.

“As alleged, the Chinese language counterfeiters typically added pirated Cisco software program and unauthorized, low-quality, or unreliable elements – together with elements to avoid technological measures added by Cisco to the software program to test for software program license compliance and to authenticate the {hardware},” the DoJ mentioned.

The pretend gadgets had been acquired for considerably smaller costs in comparison with the unique gear, in some instances for as a lot as 99% cheaper. The gadgets had been then bought at massive reductions in comparison with the unique merchandise.

Aksoy allegedly wired not less than $55 million to his suppliers and generated not less than $100 million in gross income by way of this scheme. Authorities say he derived tens of millions of {dollars} for his private acquire.

Investigators estimated that tens of hundreds of counterfeit Cisco gadgets had been distributed by way of the scheme. Had it been new and real, the gear would have been value roughly $1 billion.

The DoJ says the pretend gadgets had been bought on Amazon, eBay and thru direct gross sales on the web sites of the pretend firms arrange by the person. The gear was acquired by hospitals, faculties, authorities companies and even the army. The gadgets typically malfunctioned, in some instances costing customers tens of hundreds of {dollars}.

Regardless of lots of the shipments from China being seized by US authorities, regardless of Cisco sending stop and desist letters to Aksoy and his firms, and regardless of buyer complaints that led to Amazon eradicating product listings, Aksoy and his firms continued doing enterprise. The alleged fraudster even employed authorized illustration and supplied pretend monetary paperwork.

The DoJ has made out there an inventory of Professional Community firms, in addition to eBay and Amazon storefronts utilized by Aksoy. Potential victims are suggested to get in contact with authorities.

The information of Aksoy’s arrest comes simply weeks after Cisco knowledgeable prospects to improve the IOS software program on some swap fashions to make sure that the gadgets will not be counterfeit.

Along with efficiency and performance issues, counterfeit gadgets can introduce vital safety dangers.

In 2020, F-Safe reported discovering two pretend Cisco switches on a buyer’s community. The cybersecurity agency was requested on the time to search for the presence of backdoors. Whereas no backdoors had been recognized, its researchers did discover that the gadgets had exploited a zero-day vulnerability that allowed bypassing safety restrictions.

Associated: Cisco Patches Essential Vulnerability in E-mail Safety Equipment

Associated: Cisco Warns of Exploitation Makes an attempt Concentrating on New IOS XR Vulnerability

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