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We really dig T3’s concept 01 Phone, so much that we’ve covered it every step of the way.

And you love it, too…our various posts on the 01 Phone have gotten more traffic than just about anything else!

But a malicious Chinese entrepreneur has cashed in on that love in a terrible way: By advertising the 01 Phone as being for sale for €505…and accepting orders for it. I’m sure I don’t have to remind you that the 01 Phone is still just a concept, albeit one that T3 is working on making into a reality. Still, at least one Australian enthusiast, who didn’t realize that the advertised product doesn’t really exist yet, parted with his (or her?) hard-earned cash for the 01 Phone, only to realize later that it was a scam.

Scammers: 1; Global Economy: 0