Delhi-based student exploited Amazon's return policy to make lakhs!
Just came to know about a fraudster who duped Amazon by as much as Rs. 50 lakhs (Rs. 50,00,000) by exploiting their return policy. The police has already nabbed the 21-year old boy and have recovered multiple high-end smartphones and about Rs. 10 lakh in cash. The way this boy operated his scam is quite interesting.
Modus Operandi
The boy would order a high-end smartphone from Amazon, and chose 'Cash on Delivery'. He'd ask the delivery boy to deliver the phone to him nearer to his actual address and paid cash. Now, within hours of receiving the phone, the boy would inform Amazon's customer support that he's received an empty box!
Now, Amazon, never bothered to check if they delivered an empty box or not. They simply believed the boy and returned the entire amount to his account. The boy would then sell the phone in grey markets and make money. He'd then buy a new phone with the same technique and repeat the cycle to make even more money.
The boy got large number of SIM cards through his 'setting' with a local mobile SIM card dealer and used these new phone numbers to create multiple accounts on Amazon. After Amazon discovered that something was wrong, the began an internal enquiry and informed the police.
These are the 'smart crimes' of the modern days. What do you think?
Modus Operandi
The boy would order a high-end smartphone from Amazon, and chose 'Cash on Delivery'. He'd ask the delivery boy to deliver the phone to him nearer to his actual address and paid cash. Now, within hours of receiving the phone, the boy would inform Amazon's customer support that he's received an empty box!
Now, Amazon, never bothered to check if they delivered an empty box or not. They simply believed the boy and returned the entire amount to his account. The boy would then sell the phone in grey markets and make money. He'd then buy a new phone with the same technique and repeat the cycle to make even more money.
The boy got large number of SIM cards through his 'setting' with a local mobile SIM card dealer and used these new phone numbers to create multiple accounts on Amazon. After Amazon discovered that something was wrong, the began an internal enquiry and informed the police.
These are the 'smart crimes' of the modern days. What do you think?
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