They arrest a man who sold $1,000 million worth of counterfeit equipment to government agencies without anyone knowing about it.

When you buy video cards, mobile and others used components You have to be careful because they may have lower quality chips and components than the original ones.

This scam is as old as the world, but a Florida “entrepreneur” perfected it to the point where he became a billionaire. selling more than $1 billion worth of counterfeit Cisco equipment to government agencies, the military, hospitals, and schools.

The surprising thing about this issue is that, despite a wide portfolio of clients, including government technology agencies, no one noticed that the hardware was too slow, it never occurred to him to check whether they sold what they paid for. This is what happens when the money is not yours.

As published by the U.S. Department of Justice in this document, which reached us via Techspot, a 38-year-old Florida resident named Ron Aksoy created a conglomerate of companies that they bought old or broken Cisco equipment, mostly servers, routers, or storage systems, at near bargain prices.

They sent this equipment to The Chinese companies that fixed this added pirated Cisco softwarethey converted the hardware with cheap components to make it work, and then they marketed it as refurbished high-end Cisco equipment., even with a 1 year warranty and with fake Cisco boxes, labels and documents. Here you can see it:

As we see here, the switch cost $13,000, Pro Network sold it for $789.. It seems that the military, government agencies and other structures that bought it did not consider it suspicious.

Pro Network has sold its products on Amazon, eBay, and other sellers that accept used or restored.

with this system Ron Aksoy managed to sell $1 billion worth of counterfeit equipment, making a profit of $100 million.

He has now been arrested and is awaiting trial. I’m sure he will spend several years in prison.