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Massachusetts Man Sentenced to 37 Months in Prison for Trafficking Counterfeit Military Goods

10/06/2015

A Massachusetts man was sentenced today to 37 months in prison for importing thousands of counterfeit integrated circuits (ICs) from China and Hong Kong and reselling them to U.S. customers, including contractors supplying them to the U.S. Navy for use in nuclear submarines.


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Chip Supplier Pleads Diminished Capacity to Avoid Imprisonment after Selling Counterfeit Parts to the U.S. Navy and Others

Kristal Snider
05/26/2015

Peter Picone pleaded guilty to Count Two of eight-count indictment charging him with conspiracy to intentionally traffic in counterfeit military goods in violation of Title 18, United States Code, Section 2320(a)(1). Despite acknowledging his participation in the conspiracy was inexcusable and an apology, Picone is now asking for a non-incarceration sentence of house arrest and probation and a downward departure based upon “Diminished Capacity”.  It is Picone’s claim he suffers from a severe panic/anxiety disorder, deep depression and Post Traumatic Stress Disorder (PTSD) which made it virtually impossible for him to effectively process information or differentiate between reality and fiction.

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Prosecuting Peter Picone - What resellers NEED to know

Kristal Snider & Mary Dunham, ERAI
07/25/2014

On April 24, 2012 federal agents searched the office of Epic International Electronics, Inc., a home based business owned and operated by Peter and Lisa Picone. At the time the U.S. Department of Defense Criminal Investigative Services (DCIS) would only confirm the search was the result of an "active investigation". Fourteen months later, on June 25, 2013, Peter Picone was formally charged in an eightcount indictment with conspiring to traffic in counterfeit goods, conspiring to traffic in counterfeit military goods, trafficking in counterfeit goods, conspiring to commit wire fraud, wire fraud and conspiring to commit money laundering.

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