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