Oregon Live:

Two Oregon engineering students from China face federal charges in an alleged counterfeit Apple iPhone scheme that cost the company hundreds of thousands of dollars, according to court documents.

The men are accused of importing more than a thousand counterfeit iPhones, then sending each phone back to the company, complaining it wouldn’t power on, in exchange for a new phone under Apple’s warranty process.

An incredibly ambitious scam. Wow. Two people returning more than a thousand iPhones. They will pay the price, while the people who ran the ring will no doubt get off scot-free.