Amazon is perhaps one of the most criticized major technology companies. Amazon, known for its strict business rules It is also the target of major frauds.

I’m sure you’ll be surprised to hear what losses they incurred at the end of the year. Now let’s see how he got scammed:

It all starts with Amazon’s generous return policy.

Amazon’s generous return policy means people wrongly ensures that he gets his money back. Although this scam seems simple, it actually contains many subtleties.

Amazon is aware of scams and continuously tighten its procedures However, many people still benefit from the system.

How does the process work?

scammers, creating fake Amazon accounts and using gift cards or stolen credit cards orders products. Products are usually delivered to temporary addresses or Airbnb homes.

They meet the couriers during delivery and prevent them from taking photos. And then They claim the product was not delivered. They then sell the products in Discord communities at low prices.

A different strategy is applied for more expensive products.

scammers They buy the product, return it and replace it with a fake one. Apple’s AirPods Max headphones in particular are one of the most used.

It is a fake copy of this headphone, whose original price is $550, For just $120 from Alibaba can be purchased.

In 2021, $761 billion worth of products were returned and 10.3% of returned products were counterfeit.

That means $78.3 billion in fraud annually. Most of the amount goes unnoticed.

To offset these losses, Amazon will either raise prices or raise prices workers have to reduce their salaries to stay.

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