Chinese police recently raided a graphics card ring that engaged in deceptive behavior, arresting 22 people and seizing millions of dollars worth of goods. The Bincheng Police department posted details and images of the raid on social media, as was spotted by
ITHome and
VideoCardz. Seven of those 22 people were detained. The police report says that the value of the graphics cards and related goods seized exceeded 15 million Chinese Yuan (just over $2 million USD).
This operation specialized in was taking in old, second-hand graphics cards, then going through a process including cleaning and re-packaging to eventually re-sell them as new.
The group had a relatively sophisticated operation. It had people dedicated to buying up used graphics cards. Once cards had been received there were people who would clean and test the components. Next in line were people responsible for repackaging and labeling of the old cards. Last in line were a sales team, distributing the wares.
