The Global Times recently discovered that over 50,000 illegal iTunes accounts are being offered for purchase in China. Potential buyers are promised access to purchase iTunes content for free; amounting to seven times the amount paid.
Toaboa.com, China's largest consumer auction site, is offering hacked iTunes accounts with stolen credit card and contact information to potential customers. These accounts are registered by real people with real personal information, but this blatant form of organized crime has (so far) gone unpunished.
At prices of 1-200 yuan (about $30 a pop), these hacked accounts are distributed through the iTunes login credentials associated with the account's payment information...