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Cisco beancounters behind bars

In for a router awakening on the inside...

By Pia Heikkila

Published: 28 November 2001 12:02 GMT

Two former Cisco accountants were sentenced to prison yesterday for stealing millions of dollars from the company.

A US district court sentenced Geoffrey Osowski and Wilson Tang to 34 months in jail for stealing nearly $8m in stock from the company in late 2000.

Osowski and Tang found a weakness in Cisco's internal security and transferred almost 100,000 shares over to themselves in December 2000.

The pair were also ordered to pay the difference between $7.8m in stolen stock and $5m worth of seized jewellery, cars and other luxury items the hackers bought after cashing in most of the stock.

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