Cisco defrauder sentenced

Minnesota man receives a year for bilking company out of $388K

A Minnesota man received a year in prison for scheming Cisco out of $388,000. Philip Webb of Brooklyn Park, MN., pled guilty late last year to defrauding Cisco in a spare parts scam.

Webb was sentenced to to 15 months in prison on one count of mail fraud, according to this story from Bloomberg BusinessWeek. 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.

Last November, Webb 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.

Webb then sold the Cisco replacement parts online and returned cheap secondhand units to Cisco as the allegedly defective parts.

Last fall, 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. And earlier this year, a Masschusetts man received four years for defrauding Cisco out of $15 million to fund a classic car collection.

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