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Submitted by Rowland 2533d ago | news

Boulder man accused of Xbox scheme

Yewchoo Ng, 27, of Boulder, has been charged with mail fraud for purchasing Xbox 360s from stores such as Target, Best Buy and Circuit City. He is accused of removing the serial numbers from the game consoles and swapping them with the numbers of equipment that doesn't work.

Then, Ng allegedly returned the nonfunctioning Xboxes to the stores and sold the functioning consoles online. The scheme brought in $182,001, according to federal investigators. If convicted, Ng could face up to 20 years in federal prison and a fine of up to $250,000, plus restitution. (Industry, Xbox 360)

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