Tech giant Apple lost over $16 million in a large-scale transnational scheme that saw fraudsters in California “returning” counterfeit iPhones, iPads, and other electronics to make a profit.
Yushan Lin, 31, and Shuyi Xing, 35, both Chinese nationals living in Corona, were part of a larger group that smuggled phony Apple devices into the country before bringing them to Apple stores across Southern California to return them, federal prosecutors said.
