IT Manager Jailed For Stealing $400,000 By Selling CU’s Computer Parts

Register now

MINNEAPOLIS – The former IT manager at St. Paul Employees Postal CU was sentenced yesterday to more than a year in prison for scheming to cheat computer parts maker Cisco Systems out of almost $400,000 by selling the company computer parts he falsely obtained from the credit union.

Phillip Webb, 46, admitted that from June 2007 to October 2009 he falsely notified Cisco that parts in the credit union’s computer systems were faulty. Webb sold the Cisco replacement parts online and returned cheap secondhand units to Cisco as the allegedly defective parts.

Webb was sentenced yesterday to 15 months in prison on one count of mail fraud.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER