ATLANTA (CBS ATLANTA) -
A 62-year-old was sentenced to serve four years in federal prison on charges of wire fraud in connection with a scheme to steal millions of dollars in high-value network communications equipment from Cisco Systems, Inc. and its employer Verizon Wireless.
Michael W. Baxter was employed as a network engineer for Verizon between 2000 and 2010.
Baxter was indicted on the charges on Dec. 6, 2011, and convicted on Feb. 16, 2012, upon his plea of guilty.
He was sentenced to four years in prison to be followed by three years of supervised release, and ordered to pay $2,333,241 in restitution to Cisco Systems, and $462,828 in restitution to Verizon.
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