STAMFORD, Conn. -- A Stamford man pleaded guilty to fraudulently purchasing more than $800,000 worth of computer networking parts on Wednesday, Jan. 22, according to a statement released by U.S. District Attorney Deirdre M. Daly.
Craig A. Stanland, 40, controlled 18 service contracts for Cisco networking parts, court documents said. Stanland made false service requests, had new components shipped to him and sold them for personal profit, court document said.
Although he was supposed to return the defective parts, Stanland would then not send anything back to Cisco or send back third-party components, according to the district attorney.
Through this scheme, Stanland obtained 600 Cisco parts ranging in value from $500 to $8,600. Cisco estimated its total loss at $834,307, according to Daly's statement.
Stanland used multiple aliases, business entities, and post office boxes and shipping addresses as part of the scheme, which he operated from October 2012 until his arrest Oct. 1, 2013. The shipping addresses included his home in Stamford, his wife’s business in Brooklyn, N.Y., and two post office boxes in Greenwich.
Stanland waived his right to indictment and pleaded guilty to one count of mail fraud before U.S. District Judge Janet Bond Arterton in New Haven.
Stanland will be sentenced on Monday, April 21. He faces up to 20 years in prison. He has been released on a $100,000 bond since his arrest.
This case was investigated by the FBI with assistance from the Greenwich Police Department. The case is being prosecuted by Assistant U.S. Attorney David T. Huang.