News Fake 'New' GPU Operation in China Leads to 22 Arrests

[Admin]

A sizable graphics card refurbishing operation has been arrested in China, with seven of the 22 detained in custody, and millions of dollars worth of stock confiscated.

Fake 'New' GPU Operation in China Leads to 22 Arrests : Read more

 

[artk2219]

That is a shame, if they would have labeled them as refurbished they would have been in the clear, but i guess they wanted that extra 25% on top.

 

[InvalidError]

That is a shame, if they would have labeled them as refurbished they would have been in the clear, but i guess they wanted that extra 25% on top.

If they buy used known-good GPUs that could already go as-is for about the same price people would buy refurbs for, they'd need to get a pretty good deal on those used cards to make a margin worth bothering with by selling them as refurbs.

 

[Sluggotg]

Even if they were selling them as Refurbs, we still don't know the history. Buying a used card from someone who used it at home is not that big of a risk. These card may have ran for years, at full Tilt. They are a huge risk.

 

[Oleksa]

I don't understand who this theatrical performance is intended for))
After all, this is one of the fundamentals of Chinese business - to make money by deceiving and selling a bunch of low-quality fakes, so that in a short time people come back and buy the "better" product (under a different brand) again. In other words, giving money for a pile of garbage again.
It is clear that not only Chinese companies that sell garbage are guilty of this)).

 

[Dragos Manea]

A sizable graphics card refurbishing operation has been arrested in China, with seven of the 22 detained in custody, and millions of dollars worth of stock confiscated.

Fake 'New' GPU Operation in China Leads to 22 Arrests : Read more

How do you arrest an operation? Is not an operation closed down and people are arrested?

 

[pclaughton]

I don't understand who this theatrical performance is intended for))
After all, this is one of the fundamentals of Chinese business - to make money by deceiving and selling a bunch of low-quality fakes, so that in a short time people come back and buy the "better" product (under a different brand) again. In other words, giving money for a pile of garbage again.
It is clear that not only Chinese companies that sell garbage are guilty of this)).

It's simple: this operation sold to their own people.

 

[dangerboybb]

A sizable graphics card refurbishing operation has been arrested in China, with seven of the 22 detained in custody, and millions of dollars worth of stock confiscated.

Fake 'New' GPU Operation in China Leads to 22 Arrests : Read more

That's odd, the article didn't mention anything about them selling them as refurbished, it entailed they were trying to sell them as new.

 

[InvalidError]

That's odd, the article didn't mention anything about them selling them as refurbished, it entailed they were trying to sell them as new.

That was exactly the point of the article: they got busted for selling refurbs as new.

If they had been honest sellers selling their refurbs as refurbs, they would probably still be in business today.