Read the full story on how 2 Chinese Engineers Scammed 1 million USD by selling fake iPhones and making almost 1 million dollars of profit?
We all know that China is one of the leading countries and is the best known for its latest technologies and gadgets which are coming out daily like a massive blizzard and stealing all the competitions and always reaching goals. The country is filled with geeks and technology ‘FREAKS or GURUS‘. So here Two Chinese Engineers or geeks made an amazing plan by analyzing the targeted company which in this case “Apple” one of the biggest Tech giants around the globe to make a huge amount of money. How 2 Chinese Engineers Scammed 1 million USD by selling fake iPhones?
Here Is How They Did It?
In San Francisco, the two Chinese students “Yangyang Zhou and Quan Jiang” planned to scam the leading Tech Giant Apple by ringing fake iPhones from Hong Kong to the United States Of America and then sending those counterfeit iPhones to the company and claiming for a replacement phone as it is one of Apple’s selling points. Then eventually Apple provided them with fresh and brand new replacement phones under the company’s warranty due to their Guaranteed Replacement Policy and hence transferring all the fake or counterfeit iPhones into original iPhones. Then later selling them to many countries making thousands of Dollars as a profit.
The court then revealed that 1493 out of 3069 warranty were successfully claimed by the accused and an estimated amount of $ 895,580 or roughly 6.3 crore Rupees was charged against the company making a huge loss from 2017 till 2019.
Yangyang Zhou is accused of submitting false export declarations while has another partner in crime Quan Jiang was charged for the fake or the counterfeit goods tracking and wire fraud.
They made quite a remarkable plan but later was convicted for scamming and illegal exporting and are now undergoing trials in a federal court against their criminal charges. Apple accepted and shared the news soon after the scam letting all other companies having similar Terms and Condition Policies to revise their Policies to avoid such Frauds.
So this is how 2 Chinese Engineers Scammed 1 million USD by selling fake iPhones which is one of the biggest Tech Giants in the World.