Fake iPhone return scam cost Apple $12 million

Five people have been charged with fraud for running a large-scale fake iPhone return scheme. They exchanged fake iPhones for genuine replacements at Apple Stores, conducting this scam 16,000 times and causing at least $12.3 million in losses to Apple. The scheme, active from December 2014 to March 2024, involved counterfeit devices from China with stolen identification numbers to appear as legitimate Apple products under warranty. The perpetrators visited multiple stores daily using fake addresses and aliases. If convicted, they face multiple charges including wire fraud, mail fraud, identity theft, and trafficking counterfeit goods.

Read more – https://9to5mac.com/2024/06/01/fake-iphone-return-scam-millions-dollars/

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