A pair of Oregon college students from China have been charged in a fraudulent iPhone return scheme that allegedly netted them nearly a million dollars.
The pair of students, Yangyang Zhou and Quon Jiang, are alleged to have sent fake iPhonesclaiming they did not work. When the tech giant sent a new, legitimate replacement phone, the pair would sell them to a broker -- usually overseas, according to a federal complaint filed in U.S. District Court in Oregon last month. Both students would get a cut of the profit, federal prosecutors allege. All of the sales were done online.
FILE- This Oct. 22, 2018, file photo shows the iPhone XR, left, that has a single lens, and the iPhone XS Max that has two lenses, in New York. Wall Street expects that Apple's latest quarterly snapshot will show mixed results. Financial analysts predict the technology giant's fiscal first-quarter earnings rose from a year earlier, while revenue declined. Apple serves up its results for the October-December quarter on Tuesday, Jan. 29.
FILE- In this Jan. 3, 2019, file photo a man leaves an Apple store in Beijing. A trade court judge will recommend banning some iPhones from being imported into the U.S. after concluding Apple's best-selling device infringed on technology owned by mobile chip maker Qualcomm. The U.S. Trade International Trade Commission decision is the latest twist in a bitter legal dispute between Qualcomm and Apple over the rights to some of the technology that enables the iPhone to connect to the internet.
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