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Fraud Ring – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Sat, 08 Jun 2019 00:00:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Fraud Ring – DIGIT INFO https://www.digit.info 32 32 How a $19m iPhone Fraud Ring Eventually met its Demise https://www.digit.info/how-a-19m-iphone-fraud-ring-eventually-met-its-demise/ Sat, 08 Jun 2019 00:00:19 +0000 https://www.digit.info/2019/06/08/how-a-19m-iphone-fraud-ring-eventually-met-its-demise/ Read more]]>

iphone xIn these trying financial times, a lot of consumers are looking for any way to make extra money. While most of these efforts are absolutely genuine, a ring of fraudsters in New York had entirely different ideas. They managed to successfully steal $19m worth of Apple iPhones. A very elaborate ploy which allowed them to remain in operation for seven years. The Massive iPhone Fraud Scheme Whereas some people would assume this group of fraudsters sold counterfeit iPhones, the truth is very different. More specifically, they effectively posed as genuine customers despite having fake IDs on them and debit cards

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