CEO Arrested for Selling $1 Billion Counterfeit 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. Ministry of Justice announced (Opens in a new window) today that they have charged 38 year old Onur “Ron” Aksoy for selling counterfeit Cisco equipment through various online storefronts. Allegedly, Aksoy imported tens of thousands of counterfeit 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 hardware as genuine through e-commerce sites. One of the sites that Aksoy appears to be using to sell Cisco gear. “The operation allegedly generated more than $100 million in revenue, and Aksoy received millions of dollars for his personal gain,” the Justice Department said. The Cisco equipment that Aksoy allegedly sold was usually older, lower-end models that were previously purchased or discarded. Counterfeiters in China then modify th