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Iran IPhone Scam: When the government last year banned Apple's iPhone 14 and 15 from the Islamic Republic, the ban spurred a parallel economy for the older handsets, jacking up prices for the devices as many sought to put their depreciating Iranian rials into any physical commodity.
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Controversy surrounding Kourosh company extends far beyond just the alleged scheme
Instead of getting their hands on the handsets, police and prosecutors in Iran allege customers of a shop in Iran's capital found themselves ensnared by a business owner running a multimillion-dollar Ponzi scheme.
Alleged architect of an iPhone scam, Amirhossein Sharifian, offered Iranians iPhones at a discount and then fled the country with the money before all of his orders were fulfilled.