Fake iPhone scam cost Apple $895K

It seems Apple has been scammed by a couple of students, but it doesn't look likely to end well for them.

As The Oregonian reports, Yangyang Zhou and Quan Jiang are Chinese students who were studying engineering at Oregon State University and Linn Benton Community College on student visas. However, outside of classes they were busy importing smartphones from Hong Kong, which turned out to be fake iPhones.

The duo then sent each fake iPhone back to Apple, either by mail or in person, stating they were faulty and wouldn't power on. Apple sent them a brand new, legitimate iPhone as part of its warranty process. Each of those new phones was then shipped overseas and sold for a healthy profit, with a share being sent to Jiang's mother who then transferred it to Jiang's bank account. According to The Verge, the two students were so successful at this scam, which they started back in 2017, it has cost Apple $895,800 in new iPhones $999.99 at Verizon Wireless. Read more...

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