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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.

1 of 537 comments (clear)

  1. Re:Would have gotten away with it too if it weren' by TheMeuge · · Score: 1, Troll

    Translation:

    Cisco officials were pwned by Brazilian authorities for not bribing enough of the right people with the right amount of money.