A brazen iPhone scam in Iran reflects its economic struggles and tensions with the West.

An iPhone scam in Iran highlights the country's economic struggles and tensions with the West, as a business owner allegedly ran a multimillion-dollar Ponzi scheme while the government banned Apple's iPhone 14 and 15, leading to a parallel economy for older handsets. Iran's economic woes are worsened by decades of Western sanctions, rapid nuclear program advancements, and increased support for proxy militias in the Middle East, resulting in violent crackdowns on dissent ahead of parliamentary elections.

February 29, 2024
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