July 9 news, local time on Friday, U.S. prosecutors announced the arrest of a man from Florida. It is reported that the man was charged with importing and reselling counterfeit Cisco network equipment on e-commerce platforms such as Amazon and eBay. The amount involved over $1 billion.
Onur Aksoy, 38, of Miami, Florida, allegedly ran through at least 19 so-called “Pro Networks” in New Jersey and Florida between 2013 and 2022. ) entities imported tens of thousands of counterfeit devices.If you count the same amount of Cisco network equipment, the equipment would be worth more than $1 billion.
The New Jersey U.S. Attorney’s Office, which announced Aksoy’s arrest, said Aksoy then resold the equipment to unknowing customers, using counterfeit Cisco labels, packaging and documentation to disguise the origin of the equipment.
The indictment alleges that Aksoy made about $100 million in revenue and millions of dollars in illegal profits through the scam. Aksoy allegedly bought the counterfeit devices for 99 percent less than Cisco’s suggested retail price.
The indictment alleges that Cisco Systems sent Aksoy at least seven letters to cease infringement. Meanwhile, Amazon and eBay shut down a number of storefronts after receiving complaints from customers and Cisco of counterfeit goods, the indictment also said.
Neither the attorney representing Aksoy in the criminal case nor San Jose, Calif.-based Cisco Systems responded to requests for comment.
Aksoy was charged with 11 criminal counts, including mail fraud, wire fraud, trafficking in counterfeit goods and conspiracy.Each count carries a maximum sentence of 5 to 20 years in prison.
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