‘Worst Ever’: Battery thieves steal $1 billion worth of cell phones and other gadgets
Posted On July 8, 2021
A battery thief who stole $1.4 billion worth in cell phones, smartwatches and other gadgetry is set to be sentenced to a prison term in January.
The 26-year-old, who was previously sentenced to 10 years in prison, pleaded guilty last week to three charges of theft and conspiracy to commit a crime related to the theft of several billion dollars worth of stolen electronic goods from companies including Garmin, Motorola, Samsung and Nokia.
He has agreed to forfeit a total of $1,000 million.
The theft was the largest ever of a consumer electronic product.
The thief was reportedly able to take about 3,000 Samsung smartwalls, about 1,200 Apple Watch bands and more than 1,000 Apple Pay watches.
The case has prompted concerns that the world is in danger of losing valuable gadgets to criminals who have no remorse for stealing them.
The thieves used the proceeds of the thefts to purchase several high-end luxury cars, a $20 million home in Florida and a luxury apartment in San Francisco.