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Stockreport

Counterfeit iPhone scam lands pair in prison for ripping off $2.5 million from Apple [USA TODAY]

Apple Inc. (AAPL)  More Company Research Source: USA TODAY
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Haotian Sun and Pengfei Xue exploited Apple's iPhone repair process by sending more than 6,000 counterfeit phones to the manufacturer that couldn't be repaired, in order to induce the company to replace the counterfeits with genuine iPhones, federal prosecutors said this week. Sun and Xue were each sentenced to at least four years in prison. The phones used in the scheme came from Hong Kong with spoofed serial and International Mobile Equipment Identity numbers to appear authentic to Apple employees and were on the products, Postal Inspector Stephen Cohen said in court records. Sun and Xue used DHL and UPS to retrieve the phones from Hong Kong. Cohen wrote. He added that an Apple Brand Integrity Investigator caught on to the scheme after finding the fake devices' unique numbers belonged to real customers. "Apple confirmed that some intercepted phones contained spoofed IMEI and serial numbers associated with other existing iPhones that were in-warranty at the time of the returns [Read more]
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Stockreport

Counterfeit iPhone scam lands pair in prison for ripping off $2.5 million from Apple [USA TODAY]

Apple Inc.  (AAPL) 
More Company Research Source: USA TODAY
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Haotian Sun and Pengfei Xue exploited Apple's iPhone repair process by sending more than 6,000 counterfeit phones to the manufacturer that couldn't be repaired, in order to induce the company to replace the counterfeits with genuine iPhones, federal prosecutors said this week. Sun and Xue were each sentenced to at least four years in prison. The phones used in the scheme came from Hong Kong with spoofed serial and International Mobile Equipment Identity numbers to appear authentic to Apple employees and were on the products, Postal Inspector Stephen Cohen said in court records. Sun and Xue used DHL and UPS to retrieve the phones from Hong Kong. Cohen wrote. He added that an Apple Brand Integrity Investigator caught on to the scheme after finding the fake devices' unique numbers belonged to real customers. "Apple confirmed that some intercepted phones contained spoofed IMEI and serial numbers associated with other existing iPhones that were in-warranty at the time of the returns [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS