Man Scams Cisco Out Of $388,000

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46-year-old Phillip Webb has been sentenced to 15 months in prison after an elaborate scam in which he bilked nearly $400,000 in computer parts out of Cisco Systems. He was also ordered to pay around $170,000 in restitution.

Webb worked as the network services manager for the St. Paul Employees Postal Credit Union in Minnesota. Authorities say the credit union ordered parts from Cisco, but Webb would say the parts were faulty. Cisco then sent new products and asked Webb to send back the defective ones.

But instead, Webb would sell the brand new parts he received from Cisco, order cheap, beat-up products online to send back to Cisco, and keep all parts in his workplace in tact.

Webb reportedly sent back a total of 42 expensive computer components that he fraudulently represented as faulty office products. His criminal sentencing is the result of a plea deal he reached with prosecutors.

Via Star Tribune

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