Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Counterfeit Cisco Scheme CEO Sentenced

May 2, 2024
Reading Time: 2 mins read
in News
Counterfeit Cisco Scheme CEO Sentenced

CEO Onur Aksoy of a group controlling various online stores received a six and a half-year prison sentence for selling $100 million in counterfeit Cisco network equipment. Arrested in Miami in June 2022, Aksoy faced charges of trafficking counterfeit goods and mail and wire fraud. He pleaded guilty in June 2023 to operating the operation through 19 companies and 25 eBay and Amazon storefronts, collectively known as Pro Network Entities. Aksoy imported modified low-quality networking devices from Chinese counterfeiters, selling them as genuine Cisco products.

Counterfeit Cisco products, falsely labeled as new and genuine, were sold to customers worldwide, including government agencies and the military. Despite being older models, the devices were modified to resemble newer, more expensive Cisco products. These devices often experienced performance, functionality, and safety issues, causing disruptions in customer operations and networks. Between 2014 and 2022, U.S. Customs and Border Protection intercepted 180 shipments of counterfeit Cisco devices destined for Pro Network Entities.

Aksoy used fake aliases and addresses to evade authorities and minimize scrutiny after shipments were seized. Despite warnings from Cisco to cease trafficking counterfeit goods, Aksoy continued his illegal activities. In July 2021, a search warrant at Aksoy’s warehouse led to the seizure of over 1,000 counterfeit Cisco devices valued at over $7 million. Aksoy was sentenced to six and a half years in prison and ordered to pay $100 million in restitution to Cisco, along with the destruction of seized counterfeit products.

Reference:
  • CEO Jailed 6 Years for Selling Fake Cisco Devices to US Military
Tags: AmazonCiscoCounterfeitCyber NewsCyber News 2024Cyber threatseBayMay 2024
ADVERTISEMENT

Related Posts

New CISA SIEM and SOAR Cyber Guide Released

New CISA SIEM and SOAR Cyber Guide Released

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Iranian Pleaded Guilty in Robbinhood Case

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Vietnam Cites Security For Telegram Ban

May 28, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025

Latest Alerts

Microsoft Void Blizzard Cyber Threat Alert

Fake DocuSign Alerts Target Corporate Logins

Fake Bitdefender Site Spreads Venom Malware

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

Subscribe to our newsletter

    Latest Incidents

    Migos IG Hack Blackmails Solana Cofounder

    Tiffany & Co. Faces Data Breach Incident

    MathWorks Crippled by Ransomware Attack

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial