Cisco Reseller Rakes In $37 Million
Cuong Cao "Calvin" Dang, owner of San Jose, Calif.-based solution provider Network Genesis, allegedly sold millions in fraudulent Cisco gear and then used the money to buy real estate and luxury cars.
Dang this year faced charges on multiple counts of fraud for allegedly buying counterfeit gear from Cisco employees, and then reselling that gear to his customers after tweaking the serial numbers to make the products more difficult to trace. Dang was thought to be selling counterfeit goods between January 2006 and January 2013.
Dang, according an indictment filed by Cisco, then used the $37 million he made selling bogus routers and switches to buy at least 11 pieces of property in San Jose and five vehicles, including a $105,000 Mercedes Benz.