Cisco reveals a probe of 'self-enrichment scheme' involving ex-employees in China

Cisco is investigating a “self-enrichment scheme” among several former employees in China, the firm told investors earlier this week. Switchzilla said it had also tipped off the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Switchzilla disclosed the existence of the probe earlier this week in …

[prismatics]

Aren’t Cisco themselves a big self-enrichment scheme?

[hottuberrol]

i guess once those employees sold all their IP to huawei, they needed to find a new income stream.....

[sanmigueelbeer]

... as the investigation is ongoing

it notes that some of those involved are alleged not only to have lined their own pockets, but to have "made or directed payments" to individuals working for "state-owned enterprises"

Investigation is ongoing about "now former employees" who lined up their pockets and some people connected to state-owned enterprises.

Uh-huh.

I know how this is going to pan out:

1. No one gets "hurt", no one goes to jail and everyone keep their money.

2. If Cisco wants to (continue to) operate in China, the result of the investigation is going to get buried or burnt (whichever is more convenient).