“A former senior manager at Taiwan’s technology giant Foxconn has been indicted for stealing and selling 5,700 iPhones in China to pocket around US$1.56 million, Taiwanese prosecutors said Friday,” Asia One reports.

“The Taiwanese manager, identified by his family name Tsai, worked in the testing department and instructed eight employees at Foxconn’s factory in the southern mainland Chinese city of Shenzhen to smuggle out about thousands of iPhone 5 and iPhone 5s [units], prosecutors said,” Asia One reports. “Tsai and his accomplices sold the testing phones, which were supposed to be scrapped, to stores in Shenzhen and made nearly Tw$50 million (US$1.56 million) from 2013 to 2014, said the New Taipei district prosecutor’s office.”

Asia One reports, “Tsai was charged with breach of trust and faces a maximum 10-year jail term according to prosecutors.”

Read more in the full article here.

MacDailyNews Take: It seemed like the perfect plan – until the 5,700 iPhones that weren’t supposed to exist came online. Duh.