Cisco scammers coming out of the woodwork

Nothing metes out justice like Eastertime. Just as one Cisco scammer is sentenced, another has pled guilty to the same misdeeds, according to

Michael Daly, 55, the president of a Massachusetts company, has admitted defrauding Cisco of $15 million in equipment sales. Daly is guilty of the same misdeeds as Stephen Edward Miller and others: illegally obtaining networking equipment from Cisco and reselling it for profit.

It's a familiar template: Federal prosecutors allege that Daly set up bogus company accounts to capitalize on a Cisco policy to replace networking equipment for clients under certain contracts, reports -- most likely SMARTnet support contracts. Daly admitted that he defrauded Cisco more than 1,300 times between 2003 and 2007.

Daly is to be sentenced in July. If Miller got 6 years for $3.7 million, Daly might be looking at 20 years or more.

Happy Easter, Mr. Daly. And Cisco: time to tighten up those gaping loopholes in those SMARTnet contracts. Who's policing that program?

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