Man sentenced for fake iPhones
A Chinese national has been sentenced to three years and one month in federal prison for trafficking fake and altered Apple iPhones.
The U.S. Attorney’s Office in Portland said Quan Jiang was also sentenced Monday to three years’ supervised release after he completes his sentence.
Prosecutors said that over the span of two years, Jiang sent around 3,000 fake iPhones, imported from Hong Kong, to Apple, saying they wouldn’t turn on and should be replaced under warranty.
Apple responded by sending almost 1,500 replacement iPhones, each with an approximate resale value of $600.
Jiang, a former engineering student at a community college in Albany, pleaded guilty to one count of trafficking in counterfeit goods. He faced a maximum prison sentence of 10 years.
Existing home sales decline
Sales of previously owned U.S. homes declined in September to the slowest pace in three months as higher prices limited the recent progress in residential real estate that has been aided by low mortgage rates and consistent wage gains.
Contract closings decreased 2.2% from the prior month to a 5.38 million annual rate, the National Association of Realtors said Tuesday.
Purchases cooled in all four U.S. regions, led by a 3.1% drop in the Midwest from a month earlier. Sales declined 2.1% in the South to a three-month low and 0.9% in the West.