Cisco Brazil Offices Raided in Tax Fraud Investigation
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Cisco's Brazilian offices in Sao Paolo and Rio de Janiero were temporarily closed yesterday and employees were reportedly arrested under suspicion of tax fraud amounting to approximately $830 million dollars in unpaid duties.
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Police and industry investigators raid a factory after allegations of a large music filesharing network.
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UK police have arrested a man on suspicion of stealing source code from networking giant Cisco. The 20 year-old was arrested following Metropolitan Police Computer Crime Unit raids in Manchester and Derbyshire on 3 September.
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Federal agents on Tuesday raided the offices of a food processing plant suspected of employing hundreds of illegal workers who used Social Security numbers that belonged to other people or were made up, authorities said.
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Cisco Systems Inc. said today that four of its workers in Brazil were under arrest in connection with an alleged scheme to import Cisco gear and evade taxes.
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Police raided the Brazilian offices of international security consultant Kroll Inc., seizing evidence and arresting five employees amid allegations Kroll illegally spied in a probe of a bitter corporate dispute.
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Shhh! That's the forbidden fraud Cisco has denied wrongdoing in the tax fraud scandal that engulfed its Brazilian tentacle earlier this week.â¦
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A 20-year-old man has been arrested in England in the theft of the proprietary software blueprints used by Cisco Systems Inc.'s networking equipment, police and the company confirmed Friday.
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The tax-fraud investigation that led to the indictment of "Blade" star Wesley Snipes began with a raid four years ago in Pennsylvania, an IRS agent testified.
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Intel, the world's biggest chip maker, has been raided by EU competition regulators, Reuters reports.
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A Massachusetts businessman who resold Cisco Systems Inc. networking gear was arrested on charges he defrauded the technology company out of millions of dollars by cheating its program to replace broken or defective hardware.
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German prosecutors said Tuesday they had raided the homes and offices of top executives of German low-cost carrier Air Berlin as part of a probe into possible insider trading ahead of takeover talks with rival airline DBA last year.
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Brazil says it will investigate claims that loggers are exploiting its policy of settling the poor in the Amazon.
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Cisco Systems on Monday appeared to further distance itself from a tax scandal in Brazil, saying it can&#39;t vouch for everything its channel partners do.In the case, in which four Cisco employees and 44 other people reportedly have been arrested, Cisco&#39;s Brazilian unit has been accused of importing $500 million worth of telecommunications and networking equipment without paying the necessary duties, according to a Reuters report.The case has shed a rare negative light on Cisco&#39;s business practices. The company, which operates around the world and is experiencing strong growth in developing countries, has a reputation for conservative practices and solid accounting.In its latest statement, the networking vendor explained its indirect sales model and said more than 90 percent of its business in Brazil goes through channel partners. That&#39;s more than the worldwide rate, which is over 80 percent, Cisco said.&quot;If fiscal fraud occurred in the companies that distribute or resell Cisco products, Cisco is not necessarily responsible for these misdeeds,&quot; the statement said. &quot;While we hire highly respected audit firms to perform random audits of our distributors, no corporation engaging in an indirect sales model can directly vouch for or control every action of its distributors.&quot;The company has used a channel model around the world for years, letting local distributors and value-added resellers customize products locally, Cisco said. The company works with more than 55 certified channel partners to sell products in Brazil. Some channel partners buy products directly from Cisco and some from authorized Cisco distributors, it said.The company has more than 250 employees in Brazil, which represents 1 percent of the company&#39;s worldwide business, it said. Cisco said it remains fully committed to doing business in the country.Cisco said it is cooperating with the authorities and conducting its own inquiry to understand the situation and provide as much information as possible, but said it would be wrong to comment further now. Cisco has said before that it does not believe it acted inappropriately.&#160;
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Police raided the Brazilian offices of international security consultant Kroll Inc. and arrested five employees Wednesday in an investigation into allegations of illegal spying by Kroll during the company's probe of a nasty corporate dispute.
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Police raided the Brazilian offices of international security consultant Kroll Inc. and arrested five employees in an investigation into allegations of illegal spying by Kroll during the company's probe of a nasty corporate dispute.
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Cisco Systems on Monday appeared to further distance itself from a tax scandal in Brazil, saying it can&#39;t vouch for everything its channel partners do.