Amir Golestan, CEO of Micfo LLC, has been sentenced to five years in prison for wire fraud. He pleaded guilty to using fake companies to obtain over 735,000 Internet Protocol (IP) addresses. Golestan and Micfo settled with ARIN, the nonprofit overseeing IP addresses, in a civil case after ARIN sued them. Federal prosecutors filed wire fraud charges, to which Golestan pleaded guilty. The government charged him with 20 counts of wire fraud for each payment made by the fake companies. The addresses were valued at $10-14 million. Golestan’s sentence and restitution payment send a message of deterrence, according to ARIN.
https://krebsonsecurity.com/2023/10/tech-ceo-sentenced-to-5-years-in-ip-address-scheme/