Massive iPhone Fraud Scheme Leads to Prison Sentences for Chinese Nationals
In a significant cybersecurity case, two Chinese nationals have been sentenced to prison in the United States for orchestrating a sophisticated fraud scheme that cost Apple Inc. approximately $2.5 million. The perpetrators exploited Apple’s warranty and replacement policies to exchange over 6,000 counterfeit iPhones for genuine devices. The Mechanics of the Fraud The scam capitalized … Read more