Ex-Exec Gets 3 Years For $16M Fake Circuits Scheme

Law360, New York (October 25, 2011, 10:06 PM EDT) -- A District of Columbia federal judge on Tuesday sentenced a former electronics parts company executive to 38 months in prison for her role in a $15.8 million scheme selling counterfeit semiconductor chips from China and Hong Kong to the U.S. military.

Stephanie McCloskey, a former administrator of the now defunct VisionTech Components LLC, also faces a restitution judgment of as much as $578,000 in what is the first federal prosecution for the trafficking of counterfeit integrated circuits, the U.S. Department of Justice said in a statement....
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