Former Foxconn Manager Faces 10-Year Prison Sentence for Profiting $1.5M on Stolen iPhones

[AxoNeuron]

He allegedly netted $US 1.5 mil. The scheme allegedly netted $US 2.2 mil. Using the reported amount of 5700 phones, that's about $385 per phone. Considering that these are not legitimate phones (pre-production test units, no warranty, etc), you'd expect to pay somewhere around 50% of the price of a legitimate phone. At $385 per phone, that seems rather spot on.

You mean to tell me he didn't even sell a warranty? Usually scammers are reluctant to miss out on the biggest scams of all 😉

 

[FactVsOpinion]

How on earth do you steal 5700 iPhones and only net 1.5 mil? He should be arrested for stupidity, not greed.

$2.2 mil total. $386 a piece. Seems right.

 

[B4U]

And the crooks in Wall Street are not jailed that long for stealing far more money...
What have the world come to?