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Submission + - Verizon engineer jailed for multi-million-dollar fraud scheme (fbi.gov) 1

another random user writes: A former Verizon network engineer is beginning a four-year jail term after being sentenced for scamming Cisco and Verizon out of millions of dollars worth of kit and fencing it through the reseller community. For nearly a decade, Michael Baxter, 62, used his position at Verizon to order processors, cards, and other networking equipment from Cisco, saying it was needed to repair Verizon's critical infrastructure. In fact, he was selling it and using the proceeds to fund a high-rolling lifestyle, including frequent foreign holidays and a round of plastic surgeries for his girlfriend.

"To accomplish his fraud, this defendant exploited a program designed to keep this critical infrastructure running uninterrupted: Cisco’s program for replacing expensive equipment on a moment's notice," said United States Attorney Sally Quillian Yates

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Verizon engineer jailed for multi-million-dollar fraud scheme

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