Coveting the Apple of their eye


A cellphone vendor working at her shop while another waits outside his in downtown Teheran, Iran. — AP

WITH flashy celebrity ads and promises of deep discounts, a shop in Iran’s capital had offered consumers in the Islamic republic one of the hottest products in the country – an iPhone that came out in 2021.

But instead of getting their hands on the handsets, police and prosecutors in Iran allege customers found themselves ensnared by a business owner running a multimillion-dollar Ponzi scheme.

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