Federal agents recently busted two college students who allegedly made nearly $1 million by returning fake iPhones to Apple.
Officials charged Quran Juan and Yangyangg Zhou, both Chinese nationals attending college in Oregon, with participating in a counterfeit iPhone scam. The duo reportedly submitted more than 2,000 iPhones to Apple claiming, the devices were broken and wouldn’t power on. The fake iPhones were only worth about $30, allowing the scammers to pocket nearly $600 for each successful return, authorities said.