Oregon college students busted for making $900,000 in fraudulent Apple iPhone returns, feds say

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Oregon college students busted for making $900,000 in fraudulent Apple iPhone returns, feds say
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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 iPhones back to Apple claiming they did not work.

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.

Jiang, who took the lead in the scheme, was charged with trafficking in counterfeit goods and wire fraud, according to the documents, while Zhou faces a charge of making false or misleading claims on an export declaration. Jiang could face as much as 30 years in prison and $2 million in fines, if convicted. Zhou faces a $10,000 fine and a maximum of five years in prison.

The two said in an interview with investigators that they would pay friends and relatives to accept the replacement phones at addresses in China. Even Jiang's mother was involved in the fraudulent scheme, according to investigators.

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