Huffington Magazine Issue 59 | Page 60

HUFFINGTON 07.28.13 STATE OF CALIFORNIA DEPARTMENT OF JUSTICE OFFICE OF THE ATTORNEY GENERAL THE BIG STEAL tives without being traced. But American wireless companies lack similar arrangements with other countries, allowing international phone trafficking to flourish. Phones stolen in the United States have been located “on all continents except Antarctica,” said Marci Carris, vice president of customer finance services at Sprint. The global nature of the trade stems in part from measures that law enforcement and wireless carriers have imposed to make it harder to resell stolen phones in the United States, prompting crim- inals to forge new markets abroad. “Once it gets overseas, it’s virtually impossible to track a phone back here to the person who committed the crime,” Deaven said. But phone trafficking is driven largely by the massive profits made by exploiting the price difference between smartphones sold in the U.S. and overseas. Americans who agree to two-year service contracts with their cell phone company can buy the latest iPhones for about $200 — a price subsidized by the carrier. In Hong Kong, an iPhone can be sold for as much as $2,000. This equation helps explain why more than 1.6 million Americans were victims of smartphone In March, authorities in California charged two men from Sacramento for their role in an operation that brought millions of dollars worth of stolen iPhones to Hong Kong, where they sell for as much as $2,000 per phone.