Grand Theft iPhone Cory Bortnicker Jun 24, 2009 10:30 am |
![]() |
![]() |
|
||||||||||||
|
In Long Grove, Illinois, 35 miles northwest of Chicago, a man told police that his iPhone had been stolen from his gym locker. The thief used the iPhone to make $4,000 in losing stock trades.
While waiting for the subway in San Francisco, Gene Wood was attacked when a thief tried to snag his iPhone. Wood fought back:
"I jumped on his back and got my arm around his neck tackling him to the ground. We slide up against the brick wall that makes up the stairs going up at Church. I bring my other arm around and push his face into the corner of the wall and the ground with my elbow.
"At this point, I terrified myself a bit, as I'm on top of him screaming at the top of my lungs... I grab the phone, which is wedged between him and the ground, and pry it from his hands.
It goes without saying that people really, really, really want their iPhones. And for those who can’t afford to spend $299 on Apple’s latest, the 3GS, stealing one -- even at gunpoint -- isn’t so far-fetched.For starters, petty thieves can steal the chic little devices for personal use, or in order to resell them. It isn’t difficult to find all sorts of iPhones being resold on Craigslist. (Zunes (MSFT), however, are rather scarce.)
Here’s a “legally” unlocked iPhone 3GS going for $310 (an unlocked phone from Apple goes for $599). Could it be legit? Um…of course it is.Craigslist is also a good spot to unlock your iPhone for a mere $30, saving yourself the hundreds it would cost to have Apple unlock it for you. Although this gentleman’s service isn’t tantamount to grand larceny, its legality is no doubt questionable.
But iPhones aren’t tantalizing for petty thieves alone. As evidenced by the poor Chicago trader, some thieves can use iPhones to make false stock trades, conduct banking business, and steal personal information that can then be used in all sorts of harrowing ways.
discuss this article and more on the mv exchange |
|
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides

















