Man accused of scheme to defraud Cisco

Federal investigators arrested a 53-year-old man Tuesday who is accused of defrauding Cisco, writes The Mercury News. Michael Daly, whose office is in Salisbury, Mass., is accused of using fake business names and addresses in at least 39 states to make about 700 false claims of defective products for which Cisco sent replacements. After getting the replacement products, Daly sold them on the Internet for profit, according to a news release from the FBI.

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