Major Chinese Telecom Firm Scammed Customers with iPhone Scheme, According to Victims

Major Chinese Telecom Firm Scammed Customers with iPhone Scheme, According to Victims
Holding up cardboard signs and dressed in white T-shirts, a dozen victims of a financial scam stand outside of the Changsha branch of China Telecom demanding to get their money back. Ms. Li
Frank Fang
Frank Fang
Reporter
|Updated:
A major Chinese telecoms company is suspected of scamming customers in Changsha City, a metropolis located in central China’s Hunan Province. Meanwhile, local media and authorities have turned a blind eye to their misfortunes.
According to 212 victims, since 2012, a manager surnamed Hu working at the Changsha branch of China Telecom has been promoting an investment package whereby customers could put down deposits in advance into the company’s bank account, and in return, receive the latest model of the Apple iPhone along with their deposits back, in a few months time.
Frank Fang
Frank Fang
Reporter
Frank Fang is a Taiwan-based reporter. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
twitter
Related Topics