Apple gift card scam cost buyers hundreds of millions of dollars
A recent Apple gift card scam has resulted in buyers losing hundreds of millions of dollars. The operation involved the theft and tampering of gift cards, which were then sold to unsuspecting customers. Authorities have recovered thousands of iPhones linked to this scheme, highlighting the need for consumers to purchase gift cards directly from official retailers.
- ▪The scam involved the theft of Apple gift cards from retail outlets.
- ▪Approximately 4,000 iPhones worth between $8 million and $9 million were recovered in a raid.
- ▪The operation was run by Chinese nationals and is estimated to have cost buyers hundreds of millions of dollars.
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