Another Cisco cheater nabbed

Minnesota man pleads guilty to $388,000 parts scam

Another Cisco cheater has been nabbed. Bloomberg Businessweek reports that a Minnesota man has pled guilty to defrauding Cisco out of $388,000 in a spare parts scam.

Under a plea deal, Philip Webb of Brooklyn Park, MN., this week pled guilty to one count of mail fraud for selling Cisco replacements parts online. He received the parts by sending Cisco secondhand gear that he claimed were defective products, the Bloomberg Businessweek story states.

Webb worked as manager of network services for the Postal Credit Union in Woodbury, MN. He committed the fraud from June 2007 to October 2009, the Bloomberg Businessweek story states.

Sentencing has not yet been scheduled, according to the story.

Last month, a husband/wife team from Arizona received stiff prison sentences after being found guilty of defrauding Cisco out of $20 million in a similar equipment replacement/resale scheme. The wife even bragged about her ill-gotten fortunes on the social networking site.

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