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Cisco Offices Raided, Execs Arrested In Brazil

Posted by kdawson on from the where's-my-white-hat dept.

Many readers are writing in about the raids and arrests in Brazil's Cisco operation. At least 40 people were arrested earlier today, and Brazilian authorities asked the US to issue arrest warrants for five more suspects in this country. The allegation is that Cisco brought at least $500M of equipment into Brazil without properly paying import duties, and now owes over $826M in taxes, fines, and interest.

4 of 537 comments (clear)

  1. New tag: hidethebooks by kcbanner · · Score: 0, Offtopic

    You know you want to tag it...

    --
    Obligatory blog plug: http://www.caseybanner.ca/
  2. Re:In related news... by hjf · · Score: 0, Offtopic

    I usually don't feed the trolls but,

    fuck you, motherfucking ignorant yankee. you don't know shit about anything. you think Brazil's telecom infrastructure is worth just 500M? You need to read a lot more I guess, starting here: http://en.wikipedia.org/wiki/Itaipu and then you'll understand the magnitude of Brazil's economy.

    and again, fuck you.

  3. I wasn't responding to your joke. by Futurepower(R) · · Score: 0, Offtopic

    I wasn't responding to your joke. I was responding to all the negative, unknowing comments from people who have not had the chance to compare the United States and Brazil.

  4. Re:Would have gotten away with it too if it weren' by LifesABeach · · Score: 0, Offtopic

    Blame It On Rio!